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Tag: Budget Cuts

The Bill is Coming Due

Though there are ups and downs and local variations, over the past decade, three factors characterize the finances of the Canadian higher education sector. That’s it, that’s the whole story.    It’s a classic triangle: if one side increases in length and another one does not move, the entirety of the accommodation lies on the third side of the triangle. Now, to be fair, at the system-level this dynamic seems to work.  On average, the system is chugging along reasonably, with

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May 9, 2023 2 Comments

Funny Math in Alberta

Many of my Canadian readers will likely have read a piece that has been circulating on the internet from Kim Siever, a self-described leftist internet journalist from Lethbridge.  The headline says it all: UCP Government to Cut Post-Secondary Spending by $1.5 Billion; That Number Rises to $3.5 Billion if you Factor in Inflation and Population Growth.  You know how I am always on about Economic Impact Analyses always being forms of competitive counting? Methodologically speaking, this is worse. Ok, so here’s

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December 1, 2021 No Comments

Newfoundland and Labrador’s Big Reset

Two Thursdays, two big reports out of St. John’s.  The first was a 355-page doorstopper on the post-secondary system; the second is the Report of the Premier’s Economy Team, snappily-titled The Big Reset, which broadly covers the province’s entire economy and government in a mere 342 pages.  I’m guessing this second report will have a bigger impact on the province’s post-secondary system, so it’s worth looking at what it says.  But first, a quick backgrounder on the province as a whole. Newfoundland

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May 10, 2021 1 Comment

The Alberta Budget

Everything you need to know about last Thursday’s horror show in a handy Q&A session. Q: What’s the damage this time? A: I swear to God I do not understand how the province of Alberta explains anything financial.  The University of Alberta claimed the system-wide cut was $126 million, the Globe and Mail said it was $135 million.  I count the cut to operating institutions as being $175 million if you use the 20-21 budget as a base, and $142 million

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March 1, 2021 3 Comments

Jobs

I mentioned a couple of weeks ago how the financial position of US universities during the pandemic was going to be absolutely shattered.  In the public sector, that’s because states can’t deficit finance and so a declining tax base translates directly into lower public revenues for institutions; in the private sector it’s because there’s a real question about whether any students are going to pay $40K+ for an online semester.  The Chronicle of Higher Education is keeping track of the layoffs at US

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May 21, 2020 3 Comments

One Thought to Start Your Day

One Thought to Start Your Day is our founder and CEO Alex Usher’s popular daily blog, brimming with up-to-the-minute insights and informed opinions on today’s higher education industry.

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