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Education Budget 2015

March 26, 2015   (0 Comments)
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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

Education

$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.

 

Link to full government news release

 

 

K-12 Students

  • 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.

  

Post-secondary students

  • $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.

 


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