University of King’s College President Bill Lahey has responded to claims from the King’s Students Union about the university’s $1.8M deficit and potential future financial situation. While refuting the union’s claims stated that the university will run out of fund by the 2026-27 academic year, Lahey confirmed that the university could run out of money within the next decade if changes are not made. Having already imposed a hiring freeze and presidential salary freeze, the university is assessing additional measures like senior administrator hiring freezes and delays to planned projects. Lahey also said that the institution is exploring solutions like strengthening ties with Dalhousie University, growing offerings of its successful MFA programming, and increase fundraising efforts. “We’re determined to make it better,” Lahey said.
