School districts would need approval to use reserves under new provincial bill
EDMONTON, AB — Changes to how school boards spend and access reserve funding could come into effect later this year if a new bill passes.
Finance Minister Travis Toews tabled Bill 5, the Fiscal Measures and Taxation Act, in the legislature Tuesday afternoon.
Part of the bill includes a provision on how school divisions can access and spend their reserve funds.
If passed, all kindergarten to Grade 12 school boards would require approval from the education minister in order to spend their reserve funds. The decision would be in place for two years.


