Finance committee  For the current fiscal year, we did see that some of the slowdown in economic growth in Alberta did feed a lower forecast for personal income taxes in the near term. As for this most recent fiscal year, in 2015-16, personal income tax revenues were relatively strong, partly owing to persons moving forward, and recognizing higher-income individuals due to the new 33% tax bracket.

Finance committee  Yes. Over years three, four, and five, it should recover relative to our last forecast. However, we do see a slightly larger reduction in personal income tax revenues relative to our last forecast in the first two years of our projection.