$875,000 Deficit Prompts NLC Board To Shuffle Budget

first_imgRancourt says there’s no indication that funding that was taken away, will return anytime soon.In all, the College has lost close to 190-thousand dollars in provincial funding, it would otherwise have had in its budget. The 31-point-7 million dollar document was adopted at the board’s meeting on Wednesday.Facing a shortfall of 875-thousand dollars, the College saying it’s made some tough decision.One of those the elimination of at least seven full-time positions, combined with staff who might choose early retirement.- Advertisement -College President Laurie Rancourt also points out there are a number of factors the College has no control over, like utilities.She says it’s also in the final year of a contract with its staff.One of the main concerns, though, is the projected growth of oil & gas, and just how training will be carried out, with less money.Advertisementlast_img read more

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