- Additional Appropriation Approved for Universities
- Mar. 31, 2009 – 2:26 PM
Finance — The province has approved a $256 million additional appropriation for university funding in 2008-09. (full text)
The province has approved a $256 million additional appropriation for university funding in 2008-09.
“Funding for universities has always been a key priority for the government, and even more so in the current economic climate,” said Finance Minister Jamie Muir. “Education is the foundation for the future growth of our province.”
The spending will reduce the 2008-09 budget surplus, which was forecast in December to be $212.9 million.
The surplus will now be less than the amount of the offshore offset, which was legislated in 2005 to go on the debt. A change in the Provincial Finance Act will be required.
