Concordia cuts budget by nearly $36M to prepare for next academic year

Concordia University will be cutting its budget by nearly $36M to prepare for the 2024-25 academic year, reports the Montreal Gazette. The Gazette states that the university is receiving 4% less in government funding and anticipating a drop by nearly 1,200 students this Fall. Concordia President Graham Carr said that Concordia has been in a deficit since the pandemic and is the most hurt by the changes that the Government of Quebec has implemented. “[T]he reality is that the (Quebec) government isn’t working to help us. It’s therefore up to us to break the deficit cycle and move forward,” said Carr. The university will be continuing its hiring freeze, reviewing its offerings, and examining the use of campus space to reduce costs.

Montreal Gazette