Queen’s implements new measures to address budget deficit

Faced with growing financial pressures, Queen’s University has announced that a series of measures will be implemented across the university in order to reduce expenditures. “Starting now gives us all an opportunity to work together and find effective and innovative solutions to help return the university to a balanced budget position by 2025/26,” said Queen’s VP Finance and Administration Donna Janiec. The university’s operating budget deficit is projected to be $62.8M this year. Queen’s is undertaking measures that include a reduction in budget allocations to all faculties, a hiring freeze and 1.5% reduction on allocations for all units in 2024/25 and 2025/26, and an expectation that shared services will balance their budgets in each of the next two years.