30 Nov 2011
Page 1
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Newspaper
The Taber Times
Location
Taber, Alberta, Canada
Date
Nov 30, 2011
Page
1
The Taber and District Chamber of Commerce announces a new president, A3, guiding local business advocacy and community initiatives. The appointment marks a fresh leadership phase for the organization in Taber.
Pat Shimbashi defeated incumbent Broyce Jacobs in a decisive party nomination for the next provincial election. Shimbashi won 1 068 of 1 804 ballots in Taber-Warner riding with strong support in eastern areas, while Jacobs carried Milk River and Hill Spring. Shimbashi stressed a positive, issue focused campaign and denounced personal attacks.
The Taber Times explains oil and gas heavy influence on property tax base for the M D of Taber Alberta. Patrick Hanson notes linear assessment covers in ground assets like wells and wires. In 2011 the oil and gas sector accounts for about 720 million of 850 million linear assessment with regional value near 1.2 billion, roughly 60 percent of taxable base.
Alberta faces a volatile revenue outlook amid global market turmoil. The second quarter update projects a $3.1 billion deficit near the $3.4 billion budget target as revenues rise to $36.8 billion and expenses to $39.9 billion driven by disaster and emergency spending. Asset forecasts for the Sustainability Fund rise to $8.1 billion.
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