New 2015 NDP Education Budget

New 2015 NDP Education Budget

I think there is no surprise when it comes to new NDP budget.

Alberta budget MathPro

Here are some of the general highlights

  • Projected deficit of $6.1 billion (roughly 1.8% of GDP compare to 6.9% in 1986-87 budget)
  • A balanced budget in 2019-2020
  • Tax increases in tobacco and liquor
  • Higher tax on insurance premiums

Funding specifically for Families

  • $75 to $100 million set aside of $25 child care per day
  • Child tax benefit ($1,100 first child and $550 for each of the next 3 kids) carries over from PC government. Details can be found here.

Funding specifically for Schools

  • Hiring 380 new teachers (already filled by school boards)
  • New nutrition program for $40 million (details coming)
  • Freeze on post-secondary tuition over the next 2 years
  • $45 million set aside to reduce school fees
  • $3.8 billion for schools

Source: http://alberta.ca/budget/

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