Nova Scotia's universities are facing financial difficulties, projecting deficits for the 2025-26 academic year. Decreased international enrolment, a tuition freeze for some students, and stagnating provincial funding contribute to the budget shortfalls. Several universities, including Dalhousie University and Cape Breton University, that previously maintained surpluses are now in deficit. The financial picture has worsened as provincial funding has decreased significantly since 2012. The Atlantic School of Theology reports a small surplus but faces potential budget impacts from a new faculty agreement.
Nova Scotia's universities face significant budget challenges with large deficits projected for 2025-26 due to decreased international enrolment and stagnating funding.
Provincial funding for universities has decreased from approximately 55% in 2012 to around 40% in 2023, affecting financial stability across institutions.
Most universities in Nova Scotia that once operated with surpluses are now reporting deficits for the 2025-26 year, indicating a shift in financial health.
The Atlantic School of Theology is among the few institutions not facing a deficit, but budget impact due to a new collective agreement remains uncertain.
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