One Thought To Start Your Day
You may recall that we recently put out a paper looking at “net prices” in Canadian higher education, which concluded that, in many cases, these prices were substantially lower than is commonly believed, and that too many of our subsidies in higher education were effectively hidden from those who benefit from them. The reaction for the most part was amusingly incoherent – mostly variations on “they must be lying, because I’ve never heard of these hidden subsidies”.
But there was … [ Read More ]
As I’m on the subject of finances and budgeting these days, I thought it a good time to bring up the topic of “responsibility-centred budgeting” (RCB). It’s a timely topic, given both this ludicrous article in the Edmonton Journal last week, and the fact that I have one loyal reader who’s been urging me to write about it for months now (Hi, Alan!).
Responsibility-centred budgeting basically says that units (usually faculties, occasionally departments) are responsible for raising their own funds and covering … [ Read More ]
So, last week (here, here, and here) I noted that in most parts of the country, total compensation levels have been running more or less in line with changes to total operating grants. But this is not a reason to become complacent about university finances and future collective bargaining agreements, for two reasons.
First, what I’ve been showing is that salary mass has been increasing in line with operating income. But salary mass and salaries are two different things. If I give … [ Read More ]
After a one day hiatus, we’re back to the topic of scenario planning. You’ll recall that on Wednesday, I showed some pretty pessimistic projections for what could happen to university financing in Quebec and Ontario. Today, I have some better news for people in seven of the eight other provinces: your futures aren’t nearly so disastrous.
When scenario-planning at the provincial level, four things matter:
1) The forecast for nominal GDP. Over the long-run, government budgets tend to remain pretty stable … [ Read More ]
I had planned to continue on today with my series about operating budgets by taking a look at some scenarios for Central Canada, but I’ve been on the east coast for work the past couple days, and so that post will have to wait. We’ll get back to it shortly, I promise. But for now, let me turn to something I’ve been thinking about lately.
One of the maddening things about many discussions that concern higher education and business is … [ Read More ]