We hear a lot of discussion about the drop in the current oil price and how it will affect the provincial budget.
You do not have to be an accountant to realize when setting budgets, you don’t set your budget on perceived maximum future income, you would set your budget on known minimum income. Any surplus would be set aside for times of need.
We have paid a tax of billions (yes billions) of dollars into the Heritage Income Trust Fund for times like this.
What has happened to those funds and why is the government not using this money to offset the impending shortfall that will be created due to improper budgeting?
Larry Brown
Red Deer