College Looking Squarely At An $875,000 Shortfall

The post-secondary institution is reporting an $875,000 deficit.

In a release today, NLC cited a number of factors that led to the current situation.

  • Reduced operational funding from the Province’s Ministry of Advanced Education, as outlined in the 2013 provincial budget;
  • Eliminated base budget funding for English as a Second Language instruction;
  • Mandated wage and salary step increases for unionized staff members;
  • Increased amortization costs; and
  • Increased building maintenance and utilities costs.

A news conference has been called to answer questions and explain the details.