On Nov. 4, Prime Minister Mark Carney released his long-anticipated 2025 budget, which has been criticized for projecting a $78 billion CAD deficit—despite Canada’s stated commitments to reduce its deficit—and for cutting public service jobs. Supporters argue that the new budget will contribute to stabilizing the country’s long-term fiscal outlook,[Read More…]
Tag: deficit
Quebec cuts into education in a callous attempt to balance its budget
After large public outcry from various parents’ associations, teachers, and administrators, the Quebec government rescinded the $570 million CAD budget cut it made to education back in June, promising to put $540 million CAD towards student services. Though this attempt at financial redress seems like a genuine commitment to meeting[Read More…]
Recap: McGill to lay off an estimated 99 people to help offset $45 million CAD deficit
On March 19, McGill announced it will lay off approximately 99 people as part of an effort to decrease its $45 million CAD operating deficit. The university will notify individuals affected by the layoffs by the end of April. At the university’s Feb. 7 Town Hall, Provost and Executive Vice-President[Read More…]
SSMU Legislative Council learns SACOMSS failed internal review of services
The Students’ Society of McGill University (SSMU) Legislative Council convened for its second-to-last meeting of the 2023-2024 academic year on Thursday, April 4. The meeting saw reports on the First Year Council (FYC), Library Improvement Fund Committee, Environment Committee, Services Review Committee, and Varsity Council; a presentation of the 2024-2025[Read More…]
McGill faces $1.3 billion in deferred maintenance costs
McGill intends to borrow $300 million in the form of bonds over the next five to seven years to tackle deferred maintenance. Large-scale construction projects are set to take place across McGill’s Downtown and MacDonald campuses during this time period. While construction on McTavish and Sherbrooke was commissioned by the[Read More…]
AUS announces $6,000 Frosh surplus
The Arts Undergraduate Society (AUS) announced at their latest council meeting that they are projecting an approximate surplus of $6,000 from this year’s Arts Frosh. This comes as a distinct contrast to last year’s $30,000 deficit. AUS Vice-President (VP) Finance Mizra Ali Shakir and VP Social Christine Koppenaal were responsible[Read More…]
Commentary: Student-Run Cafeteria is risky business
In additin to The Nest, a new, yet-to-be-named food provider has opened in the Students’ Society of McGill University (SSMU) cafeteria this Fall. Both are student-run operations and together make up the Student-Run Café (SRC). This new addition is part of a larger plan by SSMU to move away from commercial[Read More…]
