When Premier Notley took office two years ago in Alberta, her new government faced severe fiscal challenges. The province had a large and growing budget deficit and was headed towards net debt status for the first time in approximately 15 years.
When Premier Notley took office, there were at least two broad historical models of NDP fiscal management from which she could have drawn. One of these was the Bob Rae model of higher spending and increased taxes. The other was the Roy Romanow model from Saskatchewan characterized by spending discipline.
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