New Brunswick budget to hike funding for post-secondary education, students

N.B. budget to hike funding for colleges

FREDERICTON — The New Brunswick government will increase funding in some key areas of higher education by just over five per cent in a provincial budget to be tabled Tuesday.

A government source with knowledge of the budget to be presented by Finance Minister Cathy Rogers says the 5.4 per cent hike includes grants to community colleges, and funding for “research and strategic initiatives.”

The source said it will also mean a five per cent increase in funds available for student financial assistance for both university and community college students.

There is also an increase in university grants, although details were not available.

The increase takes funding for those areas from almost $162 million last year to $170.3 million in the upcoming budget — the Liberals’ third.

The province has restrained spending in many departments in recent years as it attempts to move gradually towards a balanced budget.

Last year’ s budget raised the harmonized sales tax by two percentage points to 15 per cent, cut the size of the civil service by more than 1,000 positions and privatized some services.

The province has a $13.4 billion debt — $18,000 for every man, woman and child in the province.

A third quarter update on finances said the projected deficit for 2016-17 will come in at $331 million, if the contingency fund is included.

The financial update also painted a picture of an economy that has taken some hits in its export sector in the past year.

Economic growth for the province was 0.4 per cent for 2016, though there’s been growth in consumer spending, and the population has grown by roughly the same amount due to a hike in international immigration since July 2015.

Employment growth in the province was flat for 2016 due in part to the closure of a potash mine.

The Canadian Press

Just Posted

Okanagan Sun tackle Chilliwack Saturday in BCFC action

The Sun will be looking for revenge at home after Corn Huskers beat them 22-18 earlier in season

Okanagan tech industry booming, contributes over $1.6 billion to regional economy

New study shows Okanagan tech sector contributes over $1.6 billion to regional economy

Kelowna church closes and makes room for Starbright

Starbright Children’s Development Centre meeting need for space with major real estate purchase

Black Mountain / sntsk‘il’ntən Regional Park starts to take shape

Student volunteers from three local schools work on trail building project

Kelowna’s Pleasure Painters to host day of art

The annual art sale will take place Oct. 20

Pavement Patty slows drivers near Rutland Elementary

New survey reveals unsafe school zones during 2018 back-to-school week

Around the BCHL – Trail Smoke Eater grad to captain NCAA Michigan Tech Huskies

Around the BCHL is a regular look at the BCHL and goings-on throughout the junior A world.

More spots on Ale Trail to sample a cool beer

Salmon Arm, Vernon, Kamloops make up the Triang-ale Trail featuring six craft breweries

Thieves escape after man claims his wife is giving birth

RCMP searching for suspects in brazen daytime break in

Vernon attempted murder suspect denies legal aid

Tyson Cole said he will seek representation on his own

Rural Canada Post carriers could see 25-per-cent pay hike: spokesman

An arbitrator has released a ruling in a long-standing pay equity dispute at Canada Post

Seventh day of searching for missing plane between Edmonton and Chilliwack

Search efforts are concentrated along the Highway 5 corridor between Valemount and Kamloops

Freeland brings optimism back to NAFTA talks

NAFTA talks resume in Washington

BC Children’s Hospital warns of possible PayPal fraud

Recipients are asked to forward the emails to PayPal

Most Read