Recovering from Austerity Cuts, Concordia Moves Towards a Balanced Budget - Miriam Lafontaine, the Link

With increased funding from the Liberal government since 2017 and a surge in admission rates, Senior Director of Financial Planning and Budgets Jean-François Hamel said Concordia’s budget is projected to be balanced by next year. It’s a bounce back from austerity budget cuts that plagued the province in 2015. Over the course of 2010 and 2017, Hamel estimates that cuts to Concordia’s budget amounted to $90 million. In the 2015-2016 school year, Concordia’s deficit stood at $9.3 million, but this year it’s projected to stand at $1.9 million. The school first started running a deficit in 2012–the same year the provincial government attempted to hike tuition for Quebec students before backing down amid widespread protests and student strikes. https://thelinknewspaper.ca/article/recovering-from-austerity-cuts-concordia-moves-towards-a-balanced-budget