$875,000 Deficit Prompts NLC Board To Shuffle Budget

The 31-point-7 million dollar document was adopted at the board’s meeting on Wednesday.

Facing a shortfall of 875-thousand dollars, the College saying it’s made some tough decision.

One of those the elimination of at least seven full-time positions, combined with staff who might choose early retirement.

College President Laurie Rancourt also points out there are a number of factors the College has no control over, like utilities.

She says it’s also in the final year of a contract with its staff.

One of the main concerns, though, is the projected growth of oil & gas, and just how training will be carried out, with less money.

Rancourt says there’s no indication that funding that was taken away, will return anytime soon.

In all, the College has lost close to 190-thousand dollars in provincial funding, it would otherwise have had in its budget.

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