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Alberta Heritage Savings Trust Fund up for debate

Posted on 30 September 2014

The endowment funds created by former premier Alison Redford will be up for debate next week when Albertans voice their opinion on the province’s savings. The Legislative Assembly of Alberta’s Standing Committee on the Alberta Heritage Savings Trust Fund will hold a public meeting to “discuss changes” to the $17.5 billion fund and it’s endowments on Oct. 9 at 4:30 p.m. inside the University of Alberta’s Lister Centre.
In March, Redford announced two new funds and two endowments springing from the Heritage Savings Trust Fund that were given a $1.1 billion allocation for the 2014-15 fiscal year. Prentice has already directed Don Scott, the new Minister of Innovation and Advanced Education, to “assess the proposed value” of the Social Innovation Endowment that saw an immediate capitalization of $500 million from the province’s savings in 2014………………………………………..Full Article: Source


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