Funding to school boards in Budget 2015 will honour the last year of the current collective agreement with teachers. The commitment to protect classroom teachers will help set up long-term success. In addition, approximately $10 million from the Alberta Education department budget will be reallocated to school boards, to help mitigate funding pressures in other areas.
Budget 2015 Highlights
$89 million increase to honour teachers’ negotiated salary agreement. Classroom teaching positions are protected.
$10 million in departmental administrative savings will be reallocated to school boards to help mitigate funding pressures.
Teacher compensation is approximately 60 per cent of school boards’ budgets.
School board non-teacher spending reduced by three per cent.
No increase for student enrolment growth.
School capital projects going ahead.
Most projects announced in 2013 and early 2014 will open in 2016-17.
Cabinet committee oversight is streamlining processes so schools open on time.
Schools that have been promised will be built. The 5-year Capital Plan includes $5 billion for schools, including $2 billion to construct 57 new schools and to modernize 20 more.
The 2015-16 Education budget is increasing by $145 million to protect teaching positions and allow government to honour the current collective agreement with teachers.
Part of the funding increase will come from a 9% cut in administration at Alberta Education.
Reductions to funding within the education system will come from non-teaching costs.
$35 million in Student Aid will be repurposed, resulting in more funding for grants, more accessible student loans, and new and improved funding options for apprentices.
Alberta continues to provide among the most generous scholarship funding in Canada, with about 47,500 students expected to share in $83 million.
Alberta's publicly funded post-secondary institutions will receive $2 billion in base operating grants this year.
To ensure Alberta's post-secondary education system remains sustainable into the future, the system will be transitioned over the next 5 years into a model that reduces reliance on government funding. As a result, Campus Alberta base grant funding will be reduced by 1.4%in 2015-16 and 2.7%in 2016-17.
To assist with this transition, $50 million in transitional funding will be available this year through Alberta's Access to the Future Fund.