CNC Faces Budget Shortfall

Friday, January 27, 2012 - 4:18 PM
By Jeff Sargeant
Prince George, B.C.

The College of New Caledonia is facing a budget shortfall of nearly $2 million for the coming year.

CNC's Board of Directors were provided with a fiscal update at a board meeting today in which the estimated $1.8 million shortfall was announced.

College President John Bowman says it's not unfamiliar territory.

"This time last year we were in the same position.  It results from a combination of unavoidable cost increases and overall revenues that aren't increasing," said Bowman.

College administration is asking the Board to consider a 2% tuition increase across the board.

But such an increase would only provide an extra $150,000 meaning early retirement packages and layoffs will be considered.

The board will not make final budget decisions until April. 

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