University passes 22nd consecutive balance budget
Mount Allison University President and Vice-Chancellor Dr. Robert Campbell.
SACKVILLE, N.B. – Tuition for full-time students is up $150 as Mount Allison’s Board of Regents approved the university’s 2013-14 operating budget at its spring meeting.
This is the 22nd consecutive balanced operating budget for Mount Allison.
“This budget was a challenging one, given the current economic climate and government operating grants remaining at the same levels as previous years,” says Mount Allison University President and Vice-Chancellor Dr. Robert Campbell. “We recognize the province’s present financial situation. The entire Mount Allison community has worked together to remain fiscally-sound and debt-free, without negatively affecting the student experience and the academic mission of the university.”
Tuition for full-time Canadian students will increase by $150, as per the cap suggested by the New Brunswick government ($7,245 for full-time Canadian students). A portion of this increase is being allocated to directly fund financial support for students.
“Mount Allison has one of the most generous scholarship and bursary programs, per capita, in the Maritimes with $2.6 million allocated to assist students this year,” says Campbell. “While there will be challenges ahead, we are committed to maintaining quality programming in a sustainable manner, including one of the lowest student: teacher ratios in Canada.”
Mount Allison has also been able to embark on many campus projects outside the operating budget with the completion of the JUMP Mount Allison fund raising campaign in 2012. The capital campaign raised over $96-million in just eight years and funded many projects on campus, including the Wallace McCain Student Centre, the Ron Joyce Centre for Business Studies, and the Purdy Crawford Centre for the Arts, currently under construction.
The university’s 2013-14 Operating Budget is available online — http://www.mta.ca/administration/financial/budget.html