The Newfoundland and Labrador government today approved the provincial budget, which included a $ 2.6 million cut in the base operating budget for Memorial University.

For the first year since 2005, the government has none Funding for the grant instead of tuition increases.

“With the announcement that the US $ 68.4 million tuition fee compensation will expire over the next five years and government support for the tuition freeze ends, the provincial government has signaled that Memorial should review all sources of income and develop a study framework that reflects the cost of providing education, ”said Dr. Vianne Timmons, President and Vice Chancellor.

“We understand the challenging financial situation in the province and that we all, including Memorial, must do our part. As in the last decade, we will work diligently to improve efficiency, be creative in how we can generate income from our assets, and continue to work to meet the needs of Newfoundland and Labrador. “

President Timmons said the impact analysis is ongoing but that this budget will not result in any new tuition changes due to this budget for the 2021-22 academic year.

Memorial will serve on its Board of Directors in July submit a proposal to adjust the tuition fees with effect from September 2022. While details are still under development, this proposal would be based on the following principles: The budget also indicated that the provincial government will revise the Memorial University Act, a recommendation both to review and review public post-secondary education including the report of the Premier Economic Recovery Team.

“The revision of the Memorial University Act to give our university more autonomy is a positive step forward,” said Dr. Timmons. “It is time to update the law to better reflect modern governance of post-secondary education.”

Memorial will continue to review the budget to understand any implications for the university.

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Ref: https://gazette.mun.ca