Alberta
Province pumping up support for growing school enrolment
Supporting more students in classrooms
Budget 2023 provides more than $820 million over the next three years to support enrolment growth in schools.
Based on strong population growth in Alberta, a large increase in student enrolment is expected in September 2023.
“With Alberta’s rising population, we know many school authorities across the province continue to face growing enrolment pressures. Our strong funding commitment in Budget 2023 will empower school authorities to hire more teachers and obtain more resources for students.”
Over the next three years, Education’s operating expense is increasing by nearly $2 billion. This will support the hiring of approximately 3,000 education staff, including teachers, educational assistants, bus drivers and school support staff, and will help authorities manage growing class sizes.
Funding increases for enrolment will be provided to school authorities through existing grants that include enrolment components. This includes the Early Childhood Services and Grades 1-9 Base Instruction grant and the High School (Grades 10-12) Base Instruction grant, as well as grants in the services and supports category, such as Specialized Learning Support, English as an Additional Language, and Program Unit Funding. The Operations and Maintenance grant also includes an enrolment component. The flexible funding provided allows local authorities to make decisions on how to best use the funding to support their students.
The Funding Manual for School Authorities 2023/24 School Year and projected operational funding profiles are being released March 9, providing school authorities with their funding information for the coming year.
“ASBA is pleased that government has been responsive to school boards’ requests for early release of the funding manual and operational funding profiles, as it assists in informed decision-making. Government’s investment in enrolment growth is welcome news as boards address the growing, diverse and complex student needs within their divisions while remaining accountable to their communities.”
“This funding announcement is timely and much appreciated. In the 2022-23 school year, enrolment at the Calgary Board of Education has grown by more than 5,800 students and we are projecting another significant increase next year. This investment means we can hire additional teachers, educational assistants and other staff to support our growing student population.”
“As one of the fastest-growing school divisions in the province, the funds provided for enrolment growth will help Rocky View Schools hire more staff to support the 1,000 new students we will welcome in the fall. Knowing additional funding will be available is positive news, as RVS continues to experience increasing enrolment pressures across the division.”
“The CASS board of directors recognizes the importance of supporting enrolment growth while maintaining sustainable support for all boards. The early release of the funding manual will assist school authorities in initiating planning needs for the 2023-24 school year.”
“The investment in enrolment growth of Budget 2023 and other increases in grants are most welcome and will greatly help school authorities face significant challenges including high inflation and labour shortage. The association also appreciates the timeliness of the release of the funding manual and recognizes the extraordinary work of the department staff to make this possible.”
Budget 2023 secures Alberta’s future by transforming the health-care system to meet people’s needs, supporting Albertans with the high cost of living, keeping our communities safe and driving the economy with more jobs, quality education and continued diversification.
Quick facts
- Last fall, the government announced a new supplemental enrolment growth grant that provided school authorities with more than $21 million in additional funding. This grant will continue to be available in the 2023-24 school year.
- Alberta Education introduced the Supplemental Enrolment Growth (SEG) grant in the 2022-23 school year to support school authorities with significant enrolment growth.
- The SEG grant provided additional per-student funding for authority enrolment growth of more than two per cent in the 2022-23 school year. The SEG grant, in addition to weighted moving average-based allocations, will provide additional funding to school authorities that have significant growth.
- Over the next three years, the government will provide school authorities with more than $820 million in additional funding to support enrolment growth.
- In the 2020-21 school year, school boards were funded for about 730,000 students and actual attendance was 705,000.
- In the 2021-22 school year, school boards were funded for about 730,000 students and attendance was about 716,000.
- The robust financial health of school jurisdictions continues to be demonstrated by taxpayer funded reserves, reported to be $407 million as of Aug. 31, 2022.
Alberta
Premier Smith says Auto Insurance reforms may still result in a publicly owned system
Better, faster, more affordable auto insurance
Alberta’s government is introducing a new auto insurance system that will provide better and faster services to Albertans while reducing auto insurance premiums.
After hearing from more than 16,000 Albertans through an online survey about their priorities for auto insurance policies, Alberta’s government is introducing a new privately delivered, care-focused auto insurance system.
Right now, insurance in the province is not affordable or care focused. Despite high premiums, Albertans injured in collisions do not get the timely medical care and income support they need in a system that is complex to navigate. When fully implemented, Alberta’s new auto insurance system will deliver better and faster care for those involved in collisions, and Albertans will see cost savings up to $400 per year.
“Albertans have been clear they need an auto insurance system that provides better, faster care and is more affordable. When it’s implemented, our new privately delivered, care-centred insurance system will put the focus on Albertans’ recovery, providing more effective support and will deliver lower rates.”
“High auto insurance rates put strain on Albertans. By shifting to a system that offers improved benefits and support, we are providing better and faster care to Albertans, with lower costs.”
Albertans who suffer injuries due to a collision currently wait months for a simple claim to be resolved and can wait years for claims related to more serious and life-changing injuries to addressed. Additionally, the medical and financial benefits they receive often expire before they’re fully recovered.
Under the new system, Albertans who suffer catastrophic injuries will receive treatment and care for the rest of their lives. Those who sustain serious injuries will receive treatment until they are fully recovered. These changes mirror and build upon the Saskatchewan insurance model, where at-fault drivers can be sued for pain and suffering damages if they are convicted of a criminal offence, such as impaired driving or dangerous driving, or conviction of certain offenses under the Traffic Safety Act.
Work on this new auto insurance system will require legislation in the spring of 2025. In order to reconfigure auto insurance policies for 3.4 million Albertans, auto insurance companies need time to create and implement the new system. Alberta’s government expects the new system to be fully implemented by January 2027.
In the interim, starting in January 2025, the good driver rate cap will be adjusted to a 7.5% increase due to high legal costs, increasing vehicle damage repair costs and natural disaster costs. This protects good drivers from significant rate increases while ensuring that auto insurance providers remain financially viable in Alberta.
Albertans have been clear that they still want premiums to be based on risk. Bad drivers will continue to pay higher premiums than good drivers.
By providing significantly enhanced medical, rehabilitation and income support benefits, this system supports Albertans injured in collisions while reducing the impact of litigation costs on the amount that Albertans pay for their insurance.
“Keeping more money in Albertans’ pockets is one of the best ways to address the rising cost of living. This shift to a care-first automobile insurance system will do just that by helping lower premiums for people across the province.”
Quick facts
- Alberta’s government commissioned two auto insurance reports, which showed that legal fees and litigation costs tied to the province’s current system significantly increase premiums.
- A 2023 report by MNP shows
Alberta
Alberta fiscal update: second quarter is outstanding, challenges ahead
Alberta maintains a balanced budget while ensuring pressures from population growth are being addressed.
Alberta faces rising risks, including ongoing resource volatility, geopolitical instability and rising pressures at home. With more than 450,000 people moving to Alberta in the last three years, the province has allocated hundreds of millions of dollars to address these pressures and ensure Albertans continue to be supported. Alberta’s government is determined to make every dollar go further with targeted and responsible spending on the priorities of Albertans.
The province is forecasting a $4.6 billion surplus at the end of 2024-25, up from the $2.9 billion first quarter forecast and $355 million from budget, due mainly to higher revenue from personal income taxes and non-renewable resources.
Given the current significant uncertainty in global geopolitics and energy markets, Alberta’s government must continue to make prudent choices to meet its responsibilities, including ongoing bargaining for thousands of public sector workers, fast-tracking school construction, cutting personal income taxes and ensuring Alberta’s surging population has access to high-quality health care, education and other public services.
“These are challenging times, but I believe Alberta is up to the challenge. By being intentional with every dollar, we can boost our prosperity and quality of life now and in the future.”
Midway through 2024-25, the province has stepped up to boost support to Albertans this fiscal year through key investments, including:
- $716 million to Health for physician compensation incentives and to help Alberta Health Services provide services to a growing and aging population.
- $125 million to address enrollment growth pressures in Alberta schools.
- $847 million for disaster and emergency assistance, including:
- $647 million to fight the Jasper wildfires
- $163 million for the Wildfire Disaster Recovery Program
- $5 million to support the municipality of Jasper (half to help with tourism recovery)
- $12 million to match donations to the Canadian Red Cross
- $20 million for emergency evacuation payments to evacuees in communities impacted by wildfires
- $240 million more for Seniors, Community and Social Services to support social support programs.
Looking forward, the province has adjusted its forecast for the price of oil to US$74 per barrel of West Texas Intermediate. It expects to earn more for its crude oil, with a narrowing of the light-heavy differential around US$14 per barrel, higher demand for heavier crude grades and a growing export capacity through the Trans Mountain pipeline. Despite these changes, Alberta still risks running a deficit in the coming fiscal year should oil prices continue to drop below $70 per barrel.
After a 4.4 per cent surge in the 2024 census year, Alberta’s population growth is expected to slow to 2.5 per cent in 2025, lower than the first quarter forecast of 3.2 per cent growth because of reduced immigration and non-permanent residents targets by the federal government.
Revenue
Revenue for 2024-25 is forecast at $77.9 billion, an increase of $4.4 billion from Budget 2024, including:
- $16.6 billion forecast from personal income taxes, up from $15.6 billion at budget.
- $20.3 billion forecast from non-renewable resource revenue, up from $17.3 billion at budget.
Expense
Expense for 2024-25 is forecast at $73.3 billion, an increase of $143 million from Budget 2024.
Surplus cash
After calculations and adjustments, $2.9 billion in surplus cash is forecast.
- $1.4 billion or half will pay debt coming due.
- The other half, or $1.4 billion, will be put into the Alberta Fund, which can be spent on further debt repayment, deposited into the Alberta Heritage Savings Trust Fund and/or spent on one-time initiatives.
Contingency
Of the $2 billion contingency included in Budget 2024, a preliminary allocation of $1.7 billion is forecast.
Alberta Heritage Savings Trust Fund
The Alberta Heritage Savings Trust Fund grew in the second quarter to a market value of $24.3 billion as of Sept. 30, 2024, up from $23.4 billion at the end of the first quarter.
- The fund earned a 3.7 per cent return from July to September with a net investment income of $616 million, up from the 2.1 per cent return during the first quarter.
Debt
Taxpayer-supported debt is forecast at $84 billion as of March 31, 2025, $3.8 billion less than estimated in the budget because the higher surplus has lowered borrowing requirements.
- Debt servicing costs are forecast at $3.2 billion, down $216 million from budget.
Related information
-
conflict24 hours ago
US and UK authorize missile strikes into Russia, but are we really in danger of World War III?
-
Business2 days ago
Carbon tax bureaucracy costs taxpayers $800 million
-
Brownstone Institute2 days ago
The Most Devastating Report So Far
-
armed forces19 hours ago
Judge dismisses Canadian military personnel’s lawsuit against COVID shot mandate
-
International18 hours ago
Elon Musk, Vivek Ramaswamy Outline Sweeping Plan to Cut Federal Regulations And Staffing
-
Alberta1 day ago
Province considering new Red Deer River reservoir east of Red Deer
-
John Stossel1 day ago
Green Energy Needs Minerals, Yet America Blocks New Mines
-
Alberta1 day ago
Early Success: 33 Nurse Practitioners already working independently across Alberta