Kenney tells municipalities to hold off on spending
EDMONTON, AB — Alberta Premier Jason Kenney is telling municipal leaders that while the province is once again flush with oil cash, now is not the time to put spending into overdrive.
Kenney says oil revenues that are soaring can just as quickly fall, and the government needs to be prudent in its funding decisions.
Kenney made the comments in a speech to the Alberta Municipalities spring leaders caucus. The organization represents towns, villages and cities across Alberta.
The United Conservative government is forecasting a slim budget surplus for the upcoming fiscal year, but that number could grow by billions of dollars if oil prices stay at dizzying heights.