Alberta Budget Update With Melissa Caouette

Reformed Millennials - Learn Earn and Invest

📈Alberta Budget Highlights📉

Welcome back.

This weeks podcast has a special guest: Melissa Caouette founder of Pocket Lobbyist and MC Consulting.

from her political newsletter:

On Thursday, February 29, 2024, Alberta’s Minister of Finance and President of the Treasury Board, Hon. Nate Horner, tabled the Government of Alberta 2024-27 Fiscal Plan: A Responsible Plan for a Growing Province.

TL;DR: Budget 2024 includes a modest $367 million surplus with revenues projected to be $73.5 billion. A relatively positive economic position when considered in the context of global uncertainty with 2.9 per cent projected real GDP growth. Population growth was significant this year but will lower slightly to 3.7 per cent in 2024-25.

Tax updates include a new electric vehicle tax and a new Land Ttitles Registration Levy. The government will increase cigarette and smokeless tobacco taxes and adopt the federal-provincial vaping tax framework. A campaign commitment to introduce the Alberta is Calling Attraction Bonus is also included. Education Property Taxes remain the same.

Here are the links to all the important budget documents for anyone interested in reviewing all the details:

* Minister Horner's Budget Address

* Fiscal Plan

* Capital Plan and Details By Ministry

* Business Plans

About Pocket Lobbyist

Pocket Lobbyist is an innovative, first-of-its-kind platform for government relations and public policy materials in Canada.

We offer innovative products that support organizations in anticipating, interpreting, and mitigating political risk, including a membership portal and cohort-based professional development opportunities.

After launching in 2022, Pocket Lobbyist is a trusted resource for some of Canada’s largest municipalities, economic development associations, non-profits, associations, lobbying firms, and private sector companies.

Twitter links to reference for the pod:

* Trevor Tombe on the 250B-400B Herritage fund

* Canada no longer one of the richest nations on earth

* Land transfer tax gets a huge tax overhaul

Podcast & YouTube Recommendations🎙

* Richard Lewis was a legend and he passed this week. He will be missed,. This best of Richard Lewis on Letterman is fantastic:

* G2 Podcast:

* New Founders Pod:

Best Links of The Week🔮

* PRIME TIME: WHY NIGHT GOLF COULD EXPLODE IN POPULARITY: “There are about 16,000 golf courses in the United States, but less than one percent of them have lights. That could change in the coming years as many in the golf industry feel we are at the beginning of a night golf trend. “Source: here

* Nvidia CEO Jensen highlights Inference over Training AI: With the markets increasingly tuned to the potentially higher upcoming competition from other chip vendors for Nvidia in AI inference vs training, it’s notable that CEO Jensen Huang is making this a priority. Especially in terms of providing the street Nvidia metrics on this front. Source and detailed take: here.

* "Over and over again, Apple Chief Executive Tim Cook has been asked the same question: What is Apple doing about generative artificial intelligence? His answer: Stay tuned. Investors are getting impatient... That sentiment is why Apple’s decision to shift some employees into AI and cancel its electric-car project—one of the most widely anticipated potential tech products in a decade—was greeted with almost universal investor enthusiasm Tuesday." Source: WSJ

* "The Federal Reserve’s preferred gauge of underlying inflation rose in January at the fastest pace in nearly a year, helping explain policymakers’ patient approach to start cutting interest rates. The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.4% from December, data out Thursday showed. From a year ago, it advanced 2.8%. Economists consider this to be a better gauge of underlying inflation than the overall index." Source: Bloomberg

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