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Appropriation Act, 2024 ($)

Full Title: Appropriation Act, 2024 ($)

Summary#

  • This bill is Alberta’s annual budget law. It authorizes the provincial government to spend money from April 1, 2024 to March 31, 2025.

  • It sets maximum amounts for day‑to‑day programs, construction projects, loans and other financial dealings, and a reserve for emergencies. It also allows limited shifts of money between categories with approval.

  • Key points:

    • Operating programs: up to $53.835 billion.
    • Capital projects (buildings, roads, equipment): up to $3.667 billion.
    • Financial transactions (loans and similar): up to $1.794 billion.
    • Contingency fund for unexpected costs: up to $2.0 billion.
    • Legislative Assembly and independent offices: $157.918 million.
    • Ministers can shift up to $5 million between expense, capital, and financial transaction lines within their own department (with approval).
    • Infrastructure can shift up to about $1.464 billion from capital to expense for grants to build or buy schools or health facilities, and up to $25 million to retire environmental cleanup liabilities.

What it means for you#

  • All residents

    • Keeps core services running for the year, such as hospitals, schools, policing, and social supports.
    • Does not change tax rates. It only authorizes spending.
  • Patients and families

    • Health operations get up to about $25.7 billion. This funds hospitals, clinics, and health programs.
    • The bill allows grant funding that can support building or buying schools and health facilities, which may lead to new or upgraded sites over time.
  • Parents, students, and teachers

    • K–12 education operations get up to about $5.76 billion to fund classrooms, staff, and supports.
  • Seniors, people with disabilities, and low‑income households

    • Seniors, Community and Social Services operations get up to about $5.32 billion for income supports, disability services, and housing programs.
  • Drivers and commuters

    • Major capital dollars are set aside for roads and corridors (notably Transportation and Economic Corridors and Infrastructure), which can fund highway and bridge work.
  • Municipalities, school boards, and health organizations

    • Can receive provincial funding for operating needs and, through Infrastructure grants, support for new or expanded schools and health facilities.
  • Businesses and contractors

    • Construction and maintenance projects funded by the capital plan can mean tenders and jobs in building, trades, engineering, and related services.
  • Taxpayers focused on fiscal management

    • A $2.0 billion contingency is available for emergencies (like disasters or economic shocks), subject to existing financial rules.
    • Small, approved shifts of funds help departments handle cost pressures without a new law.

Expenses#

Estimated annual cost: about CAD $53.8 billion for operating programs, plus CAD $3.7 billion for capital, CAD $1.8 billion for loans/other financial transactions, and a CAD $2.0 billion contingency.

  • Operating programs (Expense): up to $53,834,781,000

    • Largest allocations include:
      • Health: up to $25,672,555,000
      • Education: up to $5,757,668,000
      • Seniors, Community and Social Services: up to $5,316,342,000
      • Transportation and Economic Corridors: up to $1,910,459,000
      • Jobs, Economy and Trade: up to $1,763,502,000
  • Capital investment (buildings, roads, equipment): up to $3,666,899,000

    • Largest areas include:
      • Infrastructure: up to $1,849,050,000
      • Transportation and Economic Corridors: up to $1,351,142,000
  • Financial transactions (loans, investments, debt and similar): up to $1,793,711,000

  • Contingency fund (for unplanned costs): up to $2,000,000,000

  • Legislative Assembly and independent offices (Auditor General, Ombudsman, Elections, Ethics, Privacy, Child and Youth Advocate, Public Interest Commissioner): $157,918,000 total

Proponents' View#

  • Ensures hospitals, schools, and other services have the money they need for the year.
  • Invests in infrastructure to support growth, reduce congestion, and improve public facilities.
  • Keeps flexibility to manage pressures by allowing small, approved transfers within departments.
  • Sets aside a clear emergency buffer so the province can respond to disasters or sudden costs.
  • Targets major grants to build or acquire schools and health facilities where demand is growing.
  • Includes accountability language so spending must be tracked and reported.

Opponents' View#

  • The ability to shift funds between categories, even in small amounts, can reduce clarity on what was originally approved.
  • A large contingency fund may be seen as too broad and could be spent without enough public scrutiny.
  • Some may argue the totals favor certain programs while leaving others short, but the bill itself gives limited detail on outcomes.
  • Allowing a large capital‑to‑expense transfer for Infrastructure could blur the line between building assets and grant spending.
  • The bill authorizes big outlays and financial transactions; critics may worry about long‑term debt or reduced savings if revenues fall.

Timeline

Mar 21, 2024

First Reading

Mar 26, 2024

Second Reading

Mar 27, 2024

Committee of the Whole

Mar 28, 2024

Third Reading - Royal Assent - Comes into Force