Page 47 - ECCS 20-21 Budget Overview

K–12 ASSURANCE AND FUNDING FRAMEWORK
BACKGROUND
Alberta Education set out to create a new model that: •Increases the share of funding going into classrooms; •Contains cost growth;
•Predictably allocates funds;
•Assures the long-term viability of rural schools;
•Improves key performance data available to parents; and
•Fosters collaboration between school authorities to realize economies-of-scale, create centers of excellence and encourage best practices.
Education system funding now amounts to over $8 billion dollars annually for 700,000 students. In this time of
fiscal restraint, it is essential that we prudently allocate funding and provide assurance to Albertans that the education system is meeting the needs of all students. Moving forward the current education funding model is capped at 8.2 billion dollars regardless of the predicted annual student enrollment increases of 15, 000 students per year for the next four years.
46
Over the last year the current UPC government has consolidated three education grant frameworks:
•Class Size Funding - $291 Million (ECCS - $847,097.00) •School Fee Reduction - $60 Million (ECCS -$114,320.00)
•Classroom Improvement - $77 Million (ECCS - $368,000.00)
These grants that have been consolidated into a one time transition grant until the new educational funding model comes into effective in the 2020-21 school year.
The decrease in funding per student for:
The new education funding model has approved post secondary tuition fee increases of 7% each year for the next three years for a total of 21%.
SCHOOL YEAR
STUDENT FUNDING
2018-2019
$
$
8
8
2
2
0
00
0
.0
0
0
,
0
,
.
2019-2020
$
$
7
7
0
0
3
35
5
.0
0
0
,
0
,
.
The base instructional funding grant is $6 679.00/student plus
one-time transitional gr
ra
an
n
n
t
t o
st
7
0
of
f $
$
35
5
6.0
00/
/
ud
de
e
n
nt
t = $
$
3
35
5.0
00
0
2020-2021 ECS
$3,032.00
2020-21 Grade 1-9
$6,064.00
2020-21 Grade 10-12
$6,670.40
One-time transitional gran
student.
4
0/
nt
t
o
of
f
$
$4
6
6,20
01
1.
.0
0
0 or
r$
$2
23
3
7
7.
.7
East Central Catholic Schools -
https://www.ecacs.ca - 780-842-3992 - “Together we live our faith and engage in life long learning”.