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.
- 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.
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