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SarcasticMarmot said:
"The province's statement says the move comes "after years of AIMCo consistently failing to meet its mandated benchmark returns."

The government also pointed to "significant" increases in operating costs, management fees and staffing without corresponding return on investment."

And all of Alberta's Teachers say "We told you so!"
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Oh sure.....one of C**T faces little minions with a BA in Flute knows more about managing $160B than reputable bankers......for the love of GAWD - someone put a straight jacket on her.
 
Are these the Chem trails ‘Ol Smitty says the US military is spreading on the good folk of Alberta? Maybe she’s got some pull and can investigate?
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I have been sitting on this for a few months now, but thought I would share some information with the Forum. After the spring 2024 announcement of the GoA's $330M funding for the new YYC Events Center (and my resulting temper tantrum) I decided to look further into GoA funding for YYC vs Edmonton. This past spring, as I was reading through the Provincial Government's 2024/2025 Budget document, I noticed what appeared to be a large discrepancy in the capital funding for Edmonton and Calgary provided by the Province. In short, after some work sorting through the budget document, I calculated a 28% difference in PER CAPITA capital funding provided by the Province to the cities of Calgary and Edmonton, with Edmonton coming out on the short end (surprise, surprise). I also determined that if the Province were to correct this massive difference and equalize the PER CAPITA capital funding for the two cities, it would equate to an additional $660 million in capital funding for the City of Edmonton over the 3 year budget period (2024/2025-2026/2027. Can you imagine how much an extra $220M per year in capital funding over the next 3 years would help this City???

I also pointed out the following discrepancies in specific infrastructure in the two cities (further evidence of a Provincial bias towards YYC): (1) $330M for YYC events center vs $0 for Rogers Place; (2) $1.4B for the brand new YYC Cancer Center vs the aging and shabby Cross here in Edmonton; (3) a standalone Southern Alberta Children's vs the Stollery, which is crammed into the UofA hospital; (4) $250M for the YYC Courts Center vs. the aging and dilapidated Edmonton Courts buildings. There are other examples.
I sent my analysis to the Finance Minister (cc'd the Premier and Minister Turton) on July 24 and received no answer. I resent the email in late September. Still no response.

I am now pursuing this with other parties who have good connections with the GoA and who have told me they will follow up with their contacts. Stay tuned.
 
JNO1 said:
I have been sitting on this for a few months now, but thought I would share some information with the Forum. After the spring 2024 announcement of the GoA's $330M funding for the new YYC Events Center (and my resulting temper tantrum) I decided to look further into GoA funding for YYC vs Edmonton. This past spring, as I was reading through the Provincial Government's 2024/2025 Budget document, I noticed what appeared to be a large discrepancy in the capital funding for Edmonton and Calgary provided by the Province. In short, after some work sorting through the budget document, I calculated a 28% difference in PER CAPITA capital funding provided by the Province to the cities of Calgary and Edmonton, with Edmonton coming out on the short end (surprise, surprise). I also determined that if the Province were to correct this massive difference and equalize the PER CAPITA capital funding for the two cities, it would equate to an additional $660 million in capital funding for the City of Edmonton over the 3 year budget period (2024/2025-2026/2027. Can you imagine how much an extra $220M per year in capital funding over the next 3 years would help this City???

I also pointed out the following discrepancies in specific infrastructure in the two cities (further evidence of a Provincial bias towards YYC): (1) $330M for YYC events center vs $0 for Rogers Place; (2) $1.4B for the brand new YYC Cancer Center vs the aging and shabby Cross here in Edmonton; (3) a standalone Southern Alberta Children's vs the Stollery, which is crammed into the UofA hospital; (4) $250M for the YYC Courts Center vs. the aging and dilapidated Edmonton Courts buildings. There are other examples.
I sent my analysis to the Finance Minister (cc'd the Premier and Minister Turton) on July 24 and received no answer. I resent the email in late September. Still no response.

I am now pursuing this with other parties who have good connections with the GoA and who have told me they will follow up with their contacts. Stay tuned.
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Not a surprise - all of the projects in Edmonton seem to be cancelled or on hold for years and years, since the UCP came into power while things go ahead elsewhere. So not just a Smith problem, but her predecessor too.

As mentioned, we don't seem to have anything happening with the Law Courts here, which are around 50 years old, the southwest Hospital which was announced, back in 2018 I think, still isn't happening, the Cancer Centre here probably needs to be replaced or a major renovation/expansion soon and nothing seems to be happening with the Stollery either which is still crammed into the U of A space.

We have a government that seems cheap, petty and mean spirited. There hasn't been a new hospital built in Edmonton in around 40 years and our population has doubled since then. Is it any wonder things are so messed up with health care here?
 
David A said:
Not a surprise - all of the projects in Edmonton seem to be cancelled or on hold for years and years, since the UCP came into power while things go ahead elsewhere. So not just a Smith problem, but her predecessor too.

As mentioned, we don't seem to have anything happening with the Law Courts here, which are around 50 years old, the southwest Hospital which was announced, back in 2018 I think, still isn't happening, the Cancer Centre here probably needs to be replaced or a major renovation/expansion soon and nothing seems to be happening with the Stollery either which is still crammed into the U of A space.

We have a government that seems cheap, petty and mean spirited. There hasn't been a new hospital built in Edmonton in around 40 years and our population has doubled since then. Is it any wonder things are so messed up with health care here?
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As much as I hate the UCP, this isn't exclusively a them problem. The NDP and the PCs also short changed Edmonton. For example, Notley declined to fund the planned overhaul of the Royal Alex that Prentice had planned and instead funded the Calgary Cancer Centre. This is an ongoing and persistent bias towards the electoral battlegrounds of Calgary.

Thank you JN01 for doing the actual groundwork on the deficit and drawing attention to it.
 
Yup. That tweet is full of hot air.

We don't vote PC so fk Edmonton in her mind.

Like most of her campaign was, pull the wool over the eyes of the voters and bring about changes that NO ONE asked for (CPP to APP, provincial police force, etc.).

You all see what I'm getting at.
 
JNO1 said:
I have been sitting on this for a few months now, but thought I would share some information with the Forum. After the spring 2024 announcement of the GoA's $330M funding for the new YYC Events Center (and my resulting temper tantrum) I decided to look further into GoA funding for YYC vs Edmonton. This past spring, as I was reading through the Provincial Government's 2024/2025 Budget document, I noticed what appeared to be a large discrepancy in the capital funding for Edmonton and Calgary provided by the Province. In short, after some work sorting through the budget document, I calculated a 28% difference in PER CAPITA capital funding provided by the Province to the cities of Calgary and Edmonton, with Edmonton coming out on the short end (surprise, surprise). I also determined that if the Province were to correct this massive difference and equalize the PER CAPITA capital funding for the two cities, it would equate to an additional $660 million in capital funding for the City of Edmonton over the 3 year budget period (2024/2025-2026/2027. Can you imagine how much an extra $220M per year in capital funding over the next 3 years would help this City???

I also pointed out the following discrepancies in specific infrastructure in the two cities (further evidence of a Provincial bias towards YYC): (1) $330M for YYC events center vs $0 for Rogers Place; (2) $1.4B for the brand new YYC Cancer Center vs the aging and shabby Cross here in Edmonton; (3) a standalone Southern Alberta Children's vs the Stollery, which is crammed into the UofA hospital; (4) $250M for the YYC Courts Center vs. the aging and dilapidated Edmonton Courts buildings. There are other examples.
I sent my analysis to the Finance Minister (cc'd the Premier and Minister Turton) on July 24 and received no answer. I resent the email in late September. Still no response.

I am now pursuing this with other parties who have good connections with the GoA and who have told me they will follow up with their contacts. Stay tuned.
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Can you share the numbers behind this?
 
bodsbods9090 said:
End of the article says he won't be making any investment decisions while in that role.
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From the GoA:

Stabilizing AIMCo
Alberta’s government appoints Deputy Minister of Executive Council Ray Gilmour as interim CEO of the Alberta Investment Management Corporation (AIMCo).

This time they did not include the "no investment decisions" disclaimer.
 
Anyone working for UCP has drunk the Kool aid and should not be trusted, even if they have been in public service for decades.
 
According to many financial analysts 2025 could see a major financial recession so don’t expect any action on this issue in the foreseeable future. Fiscal restraint don’t you know.
 
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