uSask to decrease expenses to address projected multimillion-dollar shortfall

April 4, 2012

The University of Saskatchewan announced Tuesday that it will need to reduce its expenses over the next 4 years in light of budget pressures. At a public town hall meeting, uSask's provost and VP of finance and resources outlined how the 2.1% increase in the university's operating grant for 2012-13 affects financial projections for the future. uSask had requested a 5.8% increase in its grant. Before knowing what its grant would be, the institution projected a $10-million shortfall over the next planning cycle, which is 2012-16, says the provost. Now that uSask knows what the grant is, he says the projected gap is more likely $12 million to $15 million in 2012-13, and $20 million to $40 million per year until 2016. uSask News Release