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SFU board approves lean budget

May 1, 2008

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SFU’s board of governors approved deep cuts to the university’s 2008-09 operating budget April 23 in response to recent funding reductions by B.C.’s Ministry of Advanced Education. Faced in mid-March with an unanticipated 2.63-per-cent cut in provincial funding, the university was forced to trim a further $6.4 million from a proposed operating budget already reduced by $9.3 million. The measures required to make up the $16-million budget shortfall include:
  • A 1.9 per cent across-the-board reduction
  • A freeze on staff hiring along with a reduction of almost 50 new faculty hires
  • A reduction of the student scholarship & bursary budget
  • The elimination of the use of credit cards for tuition fees
  • The elimination of tuition waivers for seniors

"I regret that SFU has had to take such dramatic action," says university president Michael Stevenson. "I am particularly distressed that we have had to make reductions to the scholarship and bursary budget and eliminate the free tuition program for seniors. In both cases, I have directed that we ensure that appropriate financial assistance is available to the most vulnerable."

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