NLIS 9
March 27, 2003
(Education)

 


Government reinvests savings in school system

Government continues to put savings associated with school consolidation back into the hands of school boards, and in Budget 2003 will reinvest $8.5 million into the system.

"In 1997, government committed to school boards that savings realized as a result of consolidation and reorganization would remain with school boards for a three-year period for use on capital expenditures," said Gerry Reid, Minister of Education. "Despite declining enrolment, government met that commitment and even since the expiration of the three-year period, government has continued to leave those savings with school boards. In 2003-04, we will reinvest $8.5 million, representing a significant infusion of money back into the education system in the province."

Government has invested a total of $45 million from consolidations into the school system, in addition to $176.8 million for new capital construction and school maintenance and repair. Including the $8.5 million for 2003-04, this represents a total investment by government of $230 million into the system since reorganization in 1997.

Media contact: Elizabeth Matthews, Communications, (709) 729-0048, or (709) 727-3438

2003 03 27                                       3:10 p.m.


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