In a six-week campaign, the RMA will share how Government of Alberta policies have impacted municipal tax revenue
In recent years, the Government of Alberta (GOA) has implemented several policy initiatives to reduce oil and gas industry costs at the expense of municipal revenue. Below the Drill will share information on lost municipal tax revenue as a result of provincial government policies.
This week Below the Drill explores the 35% reduction in shallow gas assessment. As an incentive to operators of shallow gas wells and pipelines located primarily in southeastern Alberta, the Government of Alberta reduced the assessment on these assets by 35% beginning in 2019. This effectively reduced municipal taxes paid on these wells, causing municipalities to forgo expected tax revenue. The assessment reduction on shallow gas wells and pipelines cost RMA members $25.4 million in taxes for the period of 2021-2023. Visit the Below the Drill website to learn more.
Watch for information shared through Contact, social media, and updates at rmalberta.com/belowthedrill.
Warren Noga
Policy Advisor
825.319.2285
warren@RMAlberta.com
Wyatt Skovron
General Manager of Policy & Advocacy
780.955.4096
wyatt@RMAlberta.com