Tuesday, September 13, 2005

AB: Klein pledges energy cheques

The Alberta government announced Albertans can expect to share in the province's windfall revenues. Klein promised to hand out a "prosperity bonus" of an estimated $100 to $300 to Alberta residents next year.

But like most political announcements, there's a catch.

Klein said his government will divide any "windfall" above the $2.8 billion surplus predicted for the current fiscal year almost evenly between spending it on government projects, investing in endowment funds and refunds to taxpayers.

If energy prices remain near current levels, Alberta's total surplus this year could climb to $6 billion, which would leave a windfall of $3.2 billion or more.

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