I'm pretty sure that several someones in the Provincial budgeting process could use some remedial math and problem-solving lessons.
Pop Quiz:
1) An Education department is responsible for funding the operations of school boards with approximately 553,000 students and 36,000 teachers in the 2011-2012 fiscal year. In 2012-2013, the number of students is expected to increase by 1.5% and the salaries for teachers are expected to increase 5.0%. If the actual cost in 2011-2012 was $5,884,134,000 how much should be budgeted for 2012-2013 in order to maintain the same student-teacher ratio? (Choose the best/closest answer.)
A- $6,082,000,000
B- $6,270,000,000
C- Some number that we can claim is a 3.4% increase in spending
D- None of the above
I claim the answer is B: 5,884,134,000 * 1.015 * 1.05 = $6,270,000,000 (approx.) If you answered A or C then you are a Departmental Minister or someone involved in creating the budget. (Source: 2012 AB Budget - pg. 26)
Obviously education IS important. It helps us balance our budgets. It helps us solve problems.
Considering this is just one example of bad budgeting, I dread to think how badly forecast the entire budget is!
I'm just saying.
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