Vancouver Island University is one of the post-secondary institutions in B.C. expecting operating deficits this year and next year. (Nanaimo Bulletin)

Vancouver Island University is one of the post-secondary institutions in B.C. expecting operating deficits this year and next year. (Nanaimo Bulletin)

B.C. colleges, universities allowed to run COVID-19 deficits

Falling revenue, rising costs mean red ink for 20 institutions

Twenty B.C. colleges and universities are looking at budget deficits for the current year, and 17 of them project a loss for next year as COVID-19 has hit their revenues, particularly from foreign students who pay a premium to go to school here.

The B.C. government announced an exemption to the balanced-budget rule for post-secondary institutions Friday, permitting 20 colleges and universities to run deficits totalling $178.9 million in 2020-21. For 2021-22, 17 institutions are approved for another $75.2 million in deficit financing.

“We’re providing stability so post-secondary institutions that have seen extra costs and lower revenue can navigate the financial impacts of the COVID-19 pandemic, while continuing to support students, staff and faculty, and deliver top-quality post-secondary education to people,” Advanced Education Minister Anne Kang said Feb. 12.

In addition to falling enrolment and tuition revenue, colleges and universities lose revenue from parking, bookstores, student housing, food services and academic conferences as a reduced number of students do their studies mostly online.

Deficits are projected this year at B.C. Institute of Technology, Selkirk College, Camosun College, Vancouver Community College, Coast Mountain College, Capilano University, College of New Caledonia, Emily Carr University of Art and Design, College of the Rockies, Kwantlen Polytechnic University, Justice Institute of B.C., University of B.C., Langara College, University of Northern B.C., North Island College, University of the Fraser Valley, Northern Lights College, University of Victoria, Okanagan College and Vancouver Island University.

RELATED: Masks required as B.C. universities resume in pandemic

RELATED: UFV’s fall semester goes online, in-person study delayed


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC politicsCoronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A Port Alberni RCMP car blocks access to Anderson Avenue at Burde Street. (RCMP PHOTO)
Replica firearm prompts police incident in Port Alberni

RCMP had blocked off a neighbourhood while searching for ‘man with a gun’

NIC Practical Nursing instructor Barb McPherson (right) is pictured with student Rebecca Wood in 2018 in NIC’s SIM lab. (SUBMITTED PHOTO)
North Island College to host practical nursing info session

10 seats are open in the Port Alberni region for practical nursing program

The intersection of Melrose Street and Third Avenue. (ELENA RARDON / ALBERNI VALLEY NEWS)
Two pedestrians struck in Port Alberni hit and run

RCMP locate driver and vehicle, but are asking for video footage

Students from AW Neill Elementary School in Port Alberni write anti-bullying messages and draw colourful chalk art around their school for national anti-bullying Pink Shirt Day, Feb. 24, 2021. (PHOTO COURTESY LISA ARBANAS)
Chalk art brightens public walkway on Pink Shirt Day

Students from AW Neill Elementary in Port Alberni write messages of hope

Mary Mason of Owls Path Foundation presents plans for a Nuu-chah-nulth Cultural Centre to Port Alberni city council. The structure pictured in this image is the Copenhagen Opera House. (SCREENSHOT)
Nuu-chah-nulth cultural centre pitched for Port Alberni

Three possible locations put forward for multi-million-dollar centre

Provincial health officer Dr. Bonnie Henry updates B.C. on the COVID-19 situation. (B.C. government)
Dr. Bonnie Henry predicts a ‘post-pandemic world’ for B.C. this summer

‘Extending this second dose provides very high real-world protection to more people, sooner’

Malawian police guard AstraZeneca COVID-19 vaccines after the shipment arrived in Lilongwe, Malawi, Friday March 5, 2021. Canada is expecting its first shipments of AstraZeneca vaccine next week. (Associated Press/Thoko Chikondi)
B.C.’s daily COVID-19 cases climb to 634 Friday, four more deaths

Currently 255 people in hospital, 66 in intensive care

A crashed helicopter is seen near Mt. Gardner on Bowen Island on Friday March 5, 2021. Two people were taken to hospital in serious but stable condition after the crash. (Irene Paulus/contributed)
2 people in serious condition after helicopter goes down on Bowen Island

Unclear how many passengers aboard and unclear where the helicopter was going

Surrey Pretrial in Newton. (Photo: Tom Zytaruk)
B.C. transgender inmate to get human rights hearing after being held in mostly male jail

B.C. Human Rights Tribunal member Amber Prince on March 3 dismissed the pretrial’s application to have Makayla Sandve’s complaint dismissed

Supporters rally outside court as Pastor James Coates of GraceLife Church is in court to appeal bail conditions, after he was arrested for holding day services in violation of COVID-19 rules, in Edmonton, Alta., on Thursday March 4, 2021. THE CANADIAN PRESS/Jason Franson
‘Law remains valid:’ Pastor accused of violating health orders to remain in jail

The Justice Centre for Constitutional Freedoms is representing the pastor

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

The Netflix logo on an iPhone. B.C. delayed imposing sales tax on digital services and sweetened carbonated beverages as part of its response to COVID-19. Those taxes take effect April 1, 2021. THE CANADIAN PRESS/AP, Matt Rourke
B.C. applies 7% sales tax on streaming, vaping, sweet drinks April 1

Measures from 2020 budget were delayed due to COVID-19

Chief Don Tom of the Tsartlip First Nation was outraged after Green MLA Adam Olsen revealed on social media that the community had been experiencing a COVID-19 outbreak – a fact the First Nation had chosen to keep private to avoid racist backlash as experienced by the Cowichan Tribes when an outbreak was declared there in January. (Black Press Media file photo)
B.C. First Nation ‘outraged’ after Green MLA reveals COVID-19 outbreak

Tsartlip First Nation chief shares concerns about racist backlash, MLA apologizes

A lawyer wears a face mask and gloves to curb the spread of COVID-19 while waiting to enter B.C. Supreme Court, in Vancouver, B.C., Friday, Aug. 28, 2020. British Columbia’s highest court has sided with the land owner in a dispute over public access to public land. THE CANADIAN PRESS/Darryl Dyck
B.C. high court finds in favour of large landowner in fight over access to pair of lakes

The Nicola Valley Fish and Game Club launched legal action after the cattle company blocked road and trail access

Most Read