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Margin Notes

Financial difficulties at Canada’s universities

Finding it hard to keep up with the bad news? AUCC has helpfully put together a list of recent statements and reports about universities’ financial situations.

BY LÉO CHARBONNEAU | JUN 18 2009

Last week, the University of Lethbridge met with staff at a townhall-style meeting to discuss an expected $11-million budget shortfall between 2010 and 2012. Among the repercussions: any vacancies due to retirement or attrition won’t be filled unless they’re deemed essential.

The previous week, Brandon University announced it was leaving five per cent of its faculty jobs vacant for the 2009-2010 academic year to help find more than $1.2 million in savings to balance its budget.

Many other Canadian universities are also spilling red ink due to the economic downturn. Reactions range from job cuts to hiring freezes, pay cuts for senior administrators, higher fees and more.

Not all universities are in dire straits, but overall the list makes for pretty sober reading.

ABOUT LÉO CHARBONNEAU
Léo Charbonneau
Léo Charbonneau is the editor of University Affairs.
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