Canadian University Finances: An Update
Back in July, the Canadian Association of University Business Officers released the results of its survey of university finances for 2013-14. The results underline the fact that institutions in Canada are facing some highly heterogeneous financial circumstances. Let’s start with operating budgets. Though universities are allegedly facing some kind of unprecedented austerity, total operating income rose by 4.17% in real dollars from the previous year (inflation from September 2012 to September 2013 was a shade over 1%). Income from government rose 0.9% in real dollars, from $11.1 billion to $11.2 billion. But