October 4

Prentice says austerity will start at top in bid to balance budget

Prentice says austerity will start at top in bid to balance budget amid low oil EDMONTON – Premier Jim Prentice says with low oil prices knocking the legs out from under the Alberta economy, austerity will start at the top.Prentice says his office and his MLAs can’t ask for sacrifices from Albertans without making similar sacrifices first.He didn’t elaborate and wouldn’t say if he will push for cuts to MLA salaries.Prentice and members of his team are currently canvassing Albertans on ways to dig the province out of the multibillion-dollar budget hole caused by plummeting oil revenues.Prentice says he is re-examining the current 10 per cent flat tax on income, saying he wants to make sure it won’t unfairly penalize working families during hard times.He also reiterates that public sector wages have to be reviewed, adding that wage increases alone will cost the treasury more than $2 billion over the next three years. by Dean Bennett, The Canadian Press Posted Jan 21, 2015 5:47 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more