Budget ’09

Details of the proposed federal budget  were announced yesterday and all those who seek labour market information should have been paying attention.

You can see all of the details here but I want to focus on a couple of areas that will be of interest if you work in education, construction or transportation.

$1.5 billion dollars worth of new funding was committed to worker training and retraining. A large chunk of this funding will flow indirectly to private and public schools who will be needing to hire new teaching and support staff.

And of course I couldn’t comment on this budget without bringing up the “I word” as the budget proposes $12 billion in new infrastructure spending over two years. I’ve selected a few highlights to list below.

  • $2 billion to repair, retrofit and expand facilities at post-secondary institutions.
  • 4-billion Infrastructure Stimulus Fund that will provide funding to renew infrastructure
  •  $1 billion over five years for the Green Infrastructure Fund to support projects such as sustainable energy.
  • $500 million over two years to build and renew community recreation facilities across Canada.
  • $500 million over the next two years for infrastructure projects in small communities.
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