What they didn't tell you: If a university or college wants to spend some of that money, their provincial government must match the funding in a 1:1 ratio with the money from the feds.
First the Atlantic Accord, now this. It looks good on paper, until you read the fine print and realize that Atlantic Canada (surprise, surprise) gets the shaft again. This funding formula obviously favours the wealthier provinces that can arguably afford the NINJA upgrades regardless, BUT its a recession - code for spend yourselves into debt!
Where will Rodney spend? Provincial Finance Minister Michael Baker reacted yesterday by saying education infrastructure will be a priority in their upcoming budget. BUT, the Liberals and NDP are all geared up for a spring election - so chances are the provincial budget will not pass when it goes to the legislature. The upside of this is education may become an election issue again, the downside being that political posturing will take priority for provincial powerfuls while real issues like this one remain untouched for months.
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