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Friday October 14, 2005

October 14, 2005 by Graeme MacKay
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Editorial Cartoon by Graeme MacKay, The Hamilton Spectator - Friday October 14, 2005 Alberta to spend $10-million to hand out cheques It is no longer called the "prosperity bonus," but Albertans finally learned yesterday how the provincial government plans to dole out at least $1.4-billion in dividend cheques. Many have been eagerly awaiting the details since Premier Ralph Klein announced in September that a plan was in the works to give all residents, including the homeless, a small slice of the province's ballooning unbudgeted surplus. Fuelled by oil and natural-gas royalties, the surplus could be as high as $8.8-billion this year, Mr. Klein said recently.Ê But the one-time dividend, which government officials now call a "resource rebate," has not been free of controversy. There has been criticism that the money could be better spent -- for example, on eliminating health-care premiums -- and that the $400 cheques may promote national envy of the province's wealth. "I don't know where that comes from," Finance Minister Shirley McClellan told reporters yesterday. The program is expected to cost $10-million to administer. (Source: Globe & Mail)Êhttp://www.theglobeandmail.com/news/national/alberta-to-spend-10-million-to-hand-out-cheques/article18249998/ Canada, Premiers, first ministers, federalism, oil, resource, wealth, Ralph Klein, Alberta

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday October 14, 2005

Alberta to spend $10-million to hand out cheques

It is no longer called the “prosperity bonus,” but Albertans finally learned yesterday how the provincial government plans to dole out at least $1.4-billion in dividend cheques.

Many have been eagerly awaiting the details since Premier Ralph Klein announced in September that a plan was in the works to give all residents, including the homeless, a small slice of the province’s ballooning unbudgeted surplus.

Fuelled by oil and natural-gas royalties, the surplus could be as high as $8.8-billion this year, Mr. Klein said recently.

But the one-time dividend, which government officials now call a “resource rebate,” has not been free of controversy.

There has been criticism that the money could be better spent — for example, on eliminating health-care premiums — and that the $400 cheques may promote national envy of the province’s wealth.

“I don’t know where that comes from,” Finance Minister Shirley McClellan told reporters yesterday.

The program is expected to cost $10-million to administer. (Source: Globe & Mail)

 

Posted in: Canada Tagged: Alberta, Canada, federalism, First Ministers, oil, Premiers, Ralph Klein, resource, wealth
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