Alberta
This is how a Local Musician is giving back to her Community
Kate Stevens is a local Calgarian and Bishop Carroll High School Alumni making a splash in the Canadian music industry with her original music and community investment initiatives. A talented singer-songwriter, she plays the ukulele, piano and guitar and writes all of her own music.
Growing up in a musical household, Kate’s passion for music began at an early age and stayed with her all through her school years, eventually landing her in the music program at Bishop Carroll High School in Southwest Calgary. The education structure at BCHS allowed Kate to focus strongly on her love of music and develop as a young artist, impressively recording an entire studio album during her senior year. She also sang in choir and vocal jazz groups, building lasting connections within her high school and across the Calgary music community.
Just 20 years old, Kate graduated from BCHS in 2017, the same year she released her debut EP, Handmade Rumors. Since graduation, things have been crazy for Kate. From bringing home YYC Music Awards Female Artist of the Year in 2018 to 4 nominations at the 2019 YYC Music Awards, releasing another single and launching the Youth Musicians of Music Mile Alliance (YOMOMMA) to help nurture young musicians in Calgary, busy is an understatement. However, despite her exciting rise and packed schedule, Kate remains deeply invested in her community, and recently launched a new initiative to give back to the BCHS program that helped her get her own start. Using funds from a recent licensing agreement for one of her songs, she has elected to sponsor an annual scholarship for a BCHS vocal student in their final year.
“I was lucky to attend Bishop Carroll High School, “says Kate, “the incredible music program there helped me to develop as an artist, and I would like to give financial support to future musicians.” At $250 dollars a year, the scholarship will be awarded by the BCHS Choir Director to a student who shows exemplary leadership skills and wants to pursue music after graduation. Having been on the receiving end of scholarships throughout her own high school career, Kate is aware of the positive impact these types of grants can have on the lives of developing youth, and wanted to be a part of the process that helps young musicians chase their dreams. “If I can support someone in this industry and really encourage the idea that music is important, then I’ve done my job.”
Currently, all of Kate’s upcoming performances have been cancelled as a result of COVID-19. Although she misses interacting with crowds and performing on stage, she remains optimistic and excited for the future. To hear her music and read more about her story, visit https://www.katestevensmusic.com.
Check out WeMaple video in partnership with Calgary Arts Development featuring Kate Stevens here.
For more stories, visit Todayville Calgary.
Alberta
Alberta government should eliminate corporate welfare to generate benefits for Albertans
From the Fraser Institute
By Spencer Gudewill and Tegan Hill
Last November, Premier Danielle Smith announced that her government will give up to $1.8 billion in subsidies to Dow Chemicals, which plans to expand a petrochemical project northeast of Edmonton. In other words, $1.8 billion in corporate welfare.
And this is just one example of corporate welfare paid for by Albertans.
According to a recent study published by the Fraser Institute, from 2007 to 2021, the latest year of available data, the Alberta government spent $31.0 billion (inflation-adjusted) on subsidies (a.k.a. corporate welfare) to select firms and businesses, purportedly to help Albertans. And this number excludes other forms of government handouts such as loan guarantees, direct investment and regulatory or tax privileges for particular firms and industries. So the total cost of corporate welfare in Alberta is likely much higher.
Why should Albertans care?
First off, there’s little evidence that corporate welfare generates widespread economic growth or jobs. In fact, evidence suggests the contrary—that subsidies result in a net loss to the economy by shifting resources to less productive sectors or locations (what economists call the “substitution effect”) and/or by keeping businesses alive that are otherwise economically unviable (i.e. “zombie companies”). This misallocation of resources leads to a less efficient, less productive and less prosperous Alberta.
And there are other costs to corporate welfare.
For example, between 2007 and 2019 (the latest year of pre-COVID data), every year on average the Alberta government spent 35 cents (out of every dollar of business income tax revenue it collected) on corporate welfare. Given that workers bear the burden of more than half of any business income tax indirectly through lower wages, if the government reduced business income taxes rather than spend money on corporate welfare, workers could benefit.
Moreover, Premier Smith failed in last month’s provincial budget to provide promised personal income tax relief and create a lower tax bracket for incomes below $60,000 to provide $760 in annual savings for Albertans (on average). But in 2019, after adjusting for inflation, the Alberta government spent $2.4 billion on corporate welfare—equivalent to $1,034 per tax filer. Clearly, instead of subsidizing select businesses, the Smith government could have kept its promise to lower personal income taxes.
Finally, there’s the Heritage Fund, which the Alberta government created almost 50 years ago to save a share of the province’s resource wealth for the future.
In her 2024 budget, Premier Smith earmarked $2.0 billion for the Heritage Fund this fiscal year—almost the exact amount spent on corporate welfare each year (on average) between 2007 and 2019. Put another way, the Alberta government could save twice as much in the Heritage Fund in 2024/25 if it ended corporate welfare, which would help Premier Smith keep her promise to build up the Heritage Fund to between $250 billion and $400 billion by 2050.
By eliminating corporate welfare, the Smith government can create fiscal room to reduce personal and business income taxes, or save more in the Heritage Fund. Any of these options will benefit Albertans far more than wasteful billion-dollar subsidies to favoured firms.
Authors:
Alberta
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