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Thursday, March 26, 2015

Budget 2015 - schools that have been promised will be built

According to Budget 2015, released by the Government of Alberta today, "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."

That's good news for St. Michael's School in Pincher Creek, where efforts are already underway to prepare the school for a modernization renovation, expected to begin at the end of the current school year.


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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