CNC Board approves a deficit budget for the first time

PRINCE GEORGE – The Board for the College of New Caledonia has approved a deficit budget of $3,569,000 with no discussion. The Board passed the budget of $77,219,135 in revenues and $80,785,135 in expenses.

“While it is a deficit, it is the result of a lot of work to get the budget in place,” noted Dennis Johnson, CNC President.

Back in February, the Province announced it would allow for deficit budgets at all BC colleges and universities for a year, knowing how the pandemic would impact post-secondary institutions.