Memorial University is downsizing in light of recent funding cuts by the provincial government.
Today, the Board of Regents voted to pass the university’s proposed budget. The budget does not add any new charges or fees for Newfoundland and Labrador students.
MUN President Gary Kachanoski says the institution has eliminated a lot of positions to accommodate recent provincial funding cuts. He says the university is downsizing by decreasing the number of employees and cutting from its programs, and says through attrition alone they have already eliminated close to 100 positions.
Memorial University is also struggling to deal with a massive pension liability and infrastructure maintenance costs, both of which were deferred to next year.
MUN raised tuition fees for international and out-of-province students last year—those increases are being phased-in over the next few years—but Kachanoski says the issue isn’t tuition, but all the resources they need to run.
Kachanoski states it’s always frustrating when institutions don’t have the resources they need. He says the problem is not around tuition—as many people are talking about—but the level of resources they have to meet the demands of the province.
View the Memorial University 2018-2019 budget at this link.