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Category: Funding and Finances

Budget Basics

At around 4PM today, the Minister of Finance, Chrystia Freeland will rise in the House of Commons to deliver her third, and the Trudeau government’s seventh, federal budget.  This is a good opportunity to give y’all a peak at how the sausage gets made, and how lobby/interest groups play a role in the development of budgets. The annual budget cycle starts pretty much the minute the previous one ends.  During spring time, the government spends its time working out how

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March 28, 2023 No Comments

Research Re-shuffle

The Advisory Panel on the Federal Research Support System released its report last week while I was playing boulevardier in Tokyo with Little Miss Sumo (somehow, I’d never really noticed what an enormous fraction of the city’s economy and real estate is devoted to cube toys and claw machines).  It’s more interesting than the usual Ottawa report, and not just because of the murky politics. The report begins with a problematique wheremost of the space was devoted to telling the

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March 27, 2023 1 Comment

House-Buying Power of Academic Salaries (2023 Edition)

About seven years ago, I wrote a blog looking at the house-buying power of academics in different parts of the country.   I thought maybe it was time to do this again. First, an overview of the methodology used six years ago.  I took median academic salaries for major universities in Canada for the most recent year available, which at the time was 2010-1. Then I gathered salary data for all ranked academics, including those who hold senior academic positions such

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March 21, 2023 No Comments

Cross-Subsidies

One of the most important but least-acknowledged subjects in higher education management and finance is internal cross-subsidies.  So today, I‘m going to demystify it, and then consider how higher education institutions can be more transparent about them. Let’s start with costs per student because that is a bit easier to understand.  Not every student in every class costs the same to educate.  Broadly speaking, for each course or course section, there is a labour cost and a materials cost.  Labour

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January 16, 2023 2 Comments

College Finances 2020-21

Let’s catch up on some new Statscan data on college finances during COVID.  The big headline can be seen in figure 1:  Total income for colleges dropped by 8.4% in real terms during 2020-21.  About 40% of that fall was due to inflation, the rest was an absolute drop in income.  But break it down by source of income, and you see something different: income from governments was down by 2%, income from student fees by 11%, and income from

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January 11, 2023 No Comments

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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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