Watch: Edmonton and Calgary split $500 million under new Fiscal Framework Act

On Thursday the Alberta government introduced a new funding model for the province’s two largest cities, which links each city’s annual payout to provincial revenues and the carbon tax.
Under new legislation, Alberta’s two largest cities will split $500 million in 2022-23, after the expiration of the current revenue sharing plan, dubbed the Municipal Sustainability Initiative (MSI).
“We know that in order to support continued growth, Alberta’s two biggest cities nee