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Hope is Edmonton Prospects & WCBL biggest ally these days

Published

5 years ago

6 minute read

Until about a month ago, the Edmonton Prospects appeared on the way towards a home-run and their most successful season in the Western Canadian Baseball League (WCBL). The league itself looked a lot healthier than it has ever been.

“We were really looking forward – our 2020 roster was in good shape; we had a secure (one-year) lease on RE/MAX Field; our relationship and negotiations with the city had moved forward from what there was before.” owner-general manager Pat Cassidy

With the pending arrival of a 2021 franchise in Sylvan Lake, added to the growing optimism. Then, of course, came the coronavirus pandemic. Covid-19, halted to everything. Now, among every other endeavour in this nation, it’s like a rain delay; a really long rain delay.

Edmonton Prospects run onto the RE/MAX Field in 1019. Will it happen in 2020? Photo Courtesy/Prospects

For how long? That has yet to be determined. A partial answer may take shape next Tuesday after a scheduled meeting to update all league principals on any potential opening dates.

Pre-coronavirus plans called for the Prospects to open at home with two tilts during the May 24 weekend, with firework after the first game. Now? Cassidy pitched, “the most likely expectation is a delay until June 16 or later.” Another batting lineup could look like a calendar to include openers on or about Canada Day, July 1. Cassidy explained, “We won’t know until some serious ideas are raised at our meeting, a lot of things remain for us to go through.”

“Sure, we have rosters ready – at least, most of us have – but we can’t possibly know if the signed players will be able to come in. Who knows whether they will have to be isolated for a period of time after they do come in?”

Will Edmonton Prospects “PLAY BALL” at RE-MAX Field in 2020? TBA Photo Courtesy/Prospect

All-star outfielder Travis Hunt and infielder Brendan Luther both had committed to return from last year’s roster, which survived an incredible run of bad weather before being eliminated in playoffs by the champion Okotoks Dawgs. “We have Hunt signed but we also have an agreement that he would be free to leave if the pros took him in the draft or signed him.” spit Cassidy.

Pencilled in on the pitching staff are (or were) Trever Berg and Jesse Poniewozik, who spent much of the 2019 season in the bullpen before both became essential as starters or relievers by playoff time.

Poniewozik, the young, promising Spruce Grove right-hander whose season ended when a wicked line drive hit him on the head and forced him out, for the brief remainder of the season.

Cassidy raised another very important question, surely to be considered by not just the WCBL, but all other leagues anxious to start; if you play, will they come? Will it be a full count or, “What size of crowds can we expect?

“I’m sure we all want to get going but I don’t believe we’ll find large groups of fans want to go into a ballpark and sit next to people without the six-foot separation (self-distancing).

“Questions, that’s all we’ve got so far.” Cassidy conceded.

The owner and GM competitive instincts surfaced after president Gary Hoover of the Northwoods League, which includes the Thunder Bay Border Cats and teams from North Dakota, Minnesota, Iowa, Michigan, Indiana and Illinois, confirmed that plans to open on May 26 had been scrubbed. “We don’t have (the same page),” the Prospects operator said, partly in jest, after Hoover claimed “flexibility” could be a big help in designing the Northwoods League future.

To this point, the WCBL has not been forced to adjust to the loss of the Melville Millionaires and Yorkton Cardinals, who received one-year leaves of absence to consider whether to remain in a league that has grown stronger and more competitive. “It was difficult for them,” Cassidy is not yet calling them out, “Whatever the operators decide, I wish them luck.”

As for the positive outlook from a month ago when it looked like it was going to be a homer, with the runner circling the bases? Or will it be caught for the final out at the fence? A final out, before the first pitch of the season is even thrown? Time will tell, right now we are still in the middle of a rain delay.

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Alberta

Alberta’s fiscal update projects budget surplus, but fiscal fortunes could quickly turn

Published on November 21, 2024

By

From the Fraser Institute

By Tegan Hill

According to the recent mid-year update tabled Thursday, the Smith government projects a $4.6 billion surplus in 2024/25, up from the $2.9 billion surplus projected just a few months ago. Despite the good news, Premier Smith must reduce spending to avoid budget deficits.

The fiscal update projects resource revenue of $20.3 billion in 2024/25. Today’s relatively high—but very volatile—resource revenue (including oil and gas royalties) is helping finance today’s spending and maintain a balanced budget. But it will not last forever.

For perspective, in just the last decade the Alberta government’s annual resource revenue has been as low as $2.8 billion (2015/16) and as high as $25.2 billion (2022/23).

And while the resource revenue rollercoaster is currently in Alberta’s favor, Finance Minister Nate Horner acknowledges that “risks are on the rise” as oil prices have dropped considerably and forecasters are projecting downward pressure on prices—all of which impacts resource revenue.

In fact, the government’s own estimates show a $1 change in oil prices results in an estimated $630 million revenue swing. So while the Smith government plans to maintain a surplus in 2024/25, a small change in oil prices could quickly plunge Alberta back into deficit. Premier Smith has warned that her government may fall into a budget deficit this fiscal year.

This should come as no surprise. Alberta’s been on the resource revenue rollercoaster for decades. Successive governments have increased spending during the good times of high resource revenue, but failed to rein in spending when resource revenues fell.

Previous research has shown that, in Alberta, a $1 increase in resource revenue is associated with an estimated 56-cent increase in program spending the following fiscal year (on a per-person, inflation-adjusted basis). However, a decline in resource revenue is not similarly associated with a reduction in program spending. This pattern has led to historically high levels of government spending—and budget deficits—even in more recent years.

Consider this: If this fiscal year the Smith government received an average level of resource revenue (based on levels over the last 10 years), it would receive approximately $13,000 per Albertan. Yet the government plans to spend nearly $15,000 per Albertan this fiscal year (after adjusting for inflation). That’s a huge gap of roughly $2,000—and it means the government is continuing to take big risks with the provincial budget.

Of course, if the government falls back into deficit there are implications for everyday Albertans.

When the government runs a deficit, it accumulates debt, which Albertans must pay to service. In 2024/25, the government’s debt interest payments will cost each Albertan nearly $650. That’s largely because, despite running surpluses over the last few years, Albertans are still paying for debt accumulated during the most recent string of deficits from 2008/09 to 2020/21 (excluding 2014/15), which only ended when the government enjoyed an unexpected windfall in resource revenue in 2021/22.

According to Thursday’s mid-year fiscal update, Alberta’s finances continue to be at risk. To avoid deficits, the Smith government should meaningfully reduce spending so that it’s aligned with more reliable, stable levels of revenue.

Author:

Tegan Hill
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Alberta

Premier Smith says Auto Insurance reforms may still result in a publicly owned system

Published on November 21, 2024

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Better, faster, more affordable auto insurance

Alberta’s government is introducing a new auto insurance system that will provide better and faster services to Albertans while reducing auto insurance premiums.

After hearing from more than 16,000 Albertans through an online survey about their priorities for auto insurance policies, Alberta’s government is introducing a new privately delivered, care-focused auto insurance system.

Right now, insurance in the province is not affordable or care focused. Despite high premiums, Albertans injured in collisions do not get the timely medical care and income support they need in a system that is complex to navigate. When fully implemented, Alberta’s new auto insurance system will deliver better and faster care for those involved in collisions, and Albertans will see cost savings up to $400 per year.

“Albertans have been clear they need an auto insurance system that provides better, faster care and is more affordable. When it’s implemented, our new privately delivered, care-centred insurance system will put the focus on Albertans’ recovery, providing more effective support and will deliver lower rates.”

Danielle Smith, Premier

“High auto insurance rates put strain on Albertans. By shifting to a system that offers improved benefits and support, we are providing better and faster care to Albertans, with lower costs.”

Nate Horner, President of Treasury Board and Minister of Finance

Albertans who suffer injuries due to a collision currently wait months for a simple claim to be resolved and can wait years for claims related to more serious and life-changing injuries to addressed. Additionally, the medical and financial benefits they receive often expire before they’re fully recovered.

Under the new system, Albertans who suffer catastrophic injuries will receive treatment and care for the rest of their lives. Those who sustain serious injuries will receive treatment until they are fully recovered. These changes mirror and build upon the Saskatchewan insurance model, where at-fault drivers can be sued for pain and suffering damages if they are convicted of a criminal offence, such as impaired driving or dangerous driving, or conviction of certain offenses under the Traffic Safety Act.

Work on this new auto insurance system will require legislation in the spring of 2025. In order to reconfigure auto insurance policies for 3.4 million Albertans, auto insurance companies need time to create and implement the new system. Alberta’s government expects the new system to be fully implemented by January 2027.

In the interim, starting in January 2025, the good driver rate cap will be adjusted to a 7.5% increase due to high legal costs, increasing vehicle damage repair costs and natural disaster costs. This protects good drivers from significant rate increases while ensuring that auto insurance providers remain financially viable in Alberta.

Albertans have been clear that they still want premiums to be based on risk. Bad drivers will continue to pay higher premiums than good drivers.

By providing significantly enhanced medical, rehabilitation and income support benefits, this system supports Albertans injured in collisions while reducing the impact of litigation costs on the amount that Albertans pay for their insurance.

“Keeping more money in Albertans’ pockets is one of the best ways to address the rising cost of living. This shift to a care-first automobile insurance system will do just that by helping lower premiums for people across the province.”

Nathan Neudorf, Minister of Affordability and Utilities

Quick facts

  • Alberta’s government commissioned two auto insurance reports, which showed that legal fees and litigation costs tied to the province’s current system significantly increase premiums.
  • A 2023 report by MNP shows
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