Provincial Budget Offers Positive And Negative Impacts Locally: B93.3 FM : Lethbridge's #1 Hit Music Station : Lethbridge News, Alberta
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Provincial Budget Offers Positive And Negative Impacts Locally

 
 
LETHBRIDGE:  In the Provincial budget released Thursday, Premier Alison Redford's government out-lined plans to borrow more than $4-Billion to build schools, hospitals and highways. Other than that, the government has pulled in the reins on day-to-day spending. The government will have to deal with $6.3-billion in red ink as it feels the squeeze of falling oil revenues and a growing population.

There will be no extra money for contract negotiations with doctors, nurses or teachers.


Universities and colleges will take a hit of roughly 7-per cent to operating grants.University of Lethbridge President Mike Mahon thinks that will create some challenges, saying "once we have the details we'll begin to focus on what we do from a budgetary perspective. We will maintain our focus on our highest priority which is our students, as well as growing as a comprehensive University, but we'll have to do that under some fairly tight constraints, so it's going to require some tough decisions and imaginative thinking."


However, there is $282 million over the next three years toward new facilities at the Northern Alberta Institute of Technology, NorQuest College, the University of Calgary, Lethbridge College and Mount Royal University. These projects are expected to have a total cost of more than $650 million.


Lethbridge-West MLA Greg Weadick is most happy with funding for the Municipal Sustainability Initiative. He says "MSI has been maintained at last years amount, so we know that the capital dollars flowing into our municipalities and into Lethbridge and other municipalities in the south will remain the same as it did last year. The other really good piece for Lethbridge, is of the five projects committed to post secondary, one of them is for the Trades building at Lethbridge College."



Posted on Thursday, March 07, 2013 at 4/18/2014 5:42:28 PM
Source: Country 95 News Team
 
 
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