$2-million deficit projected at Loyalist College

March 2, 2009

Loyalist College expects to finish the current fiscal year with a $1.8-million deficit -- the same amount the school's board of governors approved last June for the 2008-09 operating budget. While the college's reserve fund will cover the expected shortfall, Loyalist president Maureen Piercy says "it will exhaust our reserve fund and we won't have any reserves to start next year." The college is working on its next budget and "will try and provide the most effective services we can and manage our costs." Belleville Intelligencer