Queen's posts $3-million shortfall

May 11, 2011

Queen's University's board of trustees has passed the institution's 2011-12 operating budget, which reflects a $3-million deficit. Senior administration is committed to returning to balanced budgets, with 2011-12 anticipated to be the final deficit budget. To return to a balanced budget, more work must be done to reduce expenditures and increase revenues by $6 million. Significant characteristics of the university's 2011-12 to 2014-15 budget framework include extraordinary increases in legislated pension deficit special payments starting in 2011-12, limited enrolment growth as per senate-approved plans, and a 1.5% budget allocation reduction to all units. Queen's News Centre | Budget Report 2011-12