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UAlberta posts deficit of $4.9 million

For the second year in a row, the university is in the red


 

For the second year in a row, the University of Alberta board of governors has approved a deficit budget. For 2011-12, the university will be $4.9 million in the red, but that figure is down significantly from last year’s $14.8 million deficit, the Edmonton Journal reported. Provost Carl Amrhein, says the U of A was able to improve its finances because of a combination of staff layoffs, furlough days for faculty, government approved tuition increases, and provincial funding for operating and utility costs for new buildings. When asked if there would be layoffs this year, Amrhein said it was a possibility, but could not say for sure. “There are too many sources of change in big faculty budgets to be able to predict at this point,” he said.


 
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UAlberta posts deficit of $4.9 million

  1. How about reducing your pay Carl? All the provosts and the President Samarasekera have increased their pay by more than double since 2004, and have little to show for any so called progress. This is sick and disgusting.

    Disgruntled student

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