uAlberta targeting $25 million in savings this year

April 22, 2013

During a campus forum last Friday, University of Alberta president Indira Samarasekera provided an update on the institution's fiscal situation. The university faces a $67-million funding shortfall for 2013-14 due to a $43-million cut to its operating grant, the loss of a promised 2% increase, and an ongoing structural deficit. Samarasekera said uAlberta is targeting a further $25 million in savings this year by reducing evergreening and matching funding for IT equipment, reducing dollars for library collections, and finding alternate funding sources other than operating dollars. The president recognized these changes and future ones will have a direct impact on the campus community. Layoffs have already begun and will continue over the next 6 months. Samarasekera said uAlberta is looking to achieve 20% of the net budget savings this year, followed by 40% in each of 2014-15 and 2015-16. uAlberta News