School divisions face cuts or tax hikes after tax-incentive grant cut
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Hey there, time traveller!
This article was published 30/01/2012 (5179 days ago), so information in it may no longer be current.
School trustees face making major cuts or raising school property taxes after Education Minister Nancy Allan dropped the tax-incentive grant this morning.
Allan announced a $25.5 million increase in provincial operating grants for public schools, a 2.2 per cent increase in the province’s share of running the $1.9-billion system.
But gone is TIG, which pumped in $135 million over the past four years in exchange for divisions freezing taxes.
With that money gone and expenses going up by far more than Allan is providing, either spending gets cut or taxes go up.