College Looking Squarely At An $875,000 Shortfall

first_imgThe post-secondary institution is reporting an $875,000 deficit.In a release today, NLC cited a number of factors that led to the current situation.Reduced operational funding from the Province’s Ministry of Advanced Education, as outlined in the 2013 provincial budget;Eliminated base budget funding for English as a Second Language instruction;Mandated wage and salary step increases for unionized staff members;Increased amortization costs; andIncreased building maintenance and utilities costs.A news conference has been called to answer questions and explain the details.- Advertisement –last_img read more