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Alberta

The Votes Tell the Story

Published

4 years ago

5 minute read

The Votes Tell the Story

On this amazing day for hockey fans, especially in Alberta, it’s a personal joy to realize two men I have known and appreciated for decades are now members of the Hockey Hall of Fame.

As much satisfaction as supporters are sure to feel for Jarome Iginla and his selection in his first year of HHOF eligibility, the same level of pleasure is sure to be shared by Kevin Lowe, who has waited many years for his combination of steadiness, competitive fire and team intelligence to be recognized at the highest possible of the game both he and Iginla have loved since childhood.

It’s a bonus for Edmontonians, and for all in sports, that Ken Holland was welcomed as a builder. He deserves the accolade as much as anyone can and the fact that he achieved most of his front-office success before he was hired as the Edmonton Oilers general manager before the start of last season. It’s still a shock to recall how many dedicated Oilers lovers objected in words and in print to the thought that he would be hired after being escorted away from Joe Louis Arena in Detroit.

You want another shock? Iginla came much closer to being potentially a career Oiler than media wretches were allowed to know.

He was drafted 11th overall in 1995. Steve Kelly became a mistaken sixth-overall choice in the same year. He was picked as Number 6 — one spot ahead of Shane Doan despite loud demands for the Oilers to go for Doan with their first pick of the graduate draft.

Barry Fraser, Edmonton’s head scout, told me before the draft that Iginla “is going to be a good pick for somebody.” He also Iginla as a potential first-rounder, a clear sign that he would become part of the mid-90s Oilers if rival selections made it possible.

Doan, like Lowe, was a productive but not brilliant offensive player. If his character and leadership are taken into account in a future year, he will also become a more promising candidate for Hall of Fame membership.

Dealing with Lowe during the Oilers’ Stanley Cup run was always a pleasure. When he sensed a criticism, and if he missed some of the credit headed his team’s way, he was likely to be edgy. It was impossible to do a pre-game Sportstalk segment and still find time for a moment to talk. Then I learned that he sharpened his skates very early on game night. That meant he would be available for brief conversation.

Somehow, it evolved that we would speak before the first home game of every series. I still remember the intensity of his preparation.

Iginla’s brilliant junior record and his lifelong connection with Edmonton and St. Albert made it obvious that we would meet during the 1995 junior draft countdown. He and several other top prospects were made available for live appearances for about week.

Iginla was not a logical choice to talk: he did not blow his own horn. Others seemed more interested than he was at the thought of speaking for 30 minutes on radio. After about three days, someone asked about giving Jarome some time on the microphone. Said I: “It doesn’t look like he’s interested” but his supporter suggested that I approach the quiet young man. He agreed to join the chow and was a sensational guest, showing a confident streak that was well-balanced with modesty.

One question was a natural for presentation to any young athlete: “Do you think the NHL will be a good fit for you?” His answer, as I learned gradually over time, was typical for him.

“I know I’ve got a lot to learn,” he said. “I have to improve my skating quite a bit. If I do that, I can probably do all right.”

As they say: Now we know the rest of the story.

Gretzky Was Magic, Now He Sees It

 

 

 

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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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