The UCP have only been in power 5+ months!!! Anyone expecting a dramatic turnaround in a short period of time is unrealistic. That is not what the UCP promised. Not helping things is the continued lack of leadership at the federal level on energy, which has caused more apathy on the part of Eastern Canada.
The recent budget cuts were necessary. Unless you are the Alberta NDP or the federal Liberals, you can't have an under performing economy, and continue to pile up debt. That is fiscally irresponsible and puts the province in an even deeper hole long term.
Of course Calgary is going to be impacted by budget cuts. So are other municipalities.