“It’s something that we’ve been advocating strongly for a long time and to see the size of the announcement, the level of additional funds and to know that it is in place for many years was a source of great celebration and true relief,” said Kennedy.
“Once we have all the details, we anticipate that this will help significantly but it will only close about one-third of the revenue gap … a very rough estimation in the absence of having the fuller details,” he added.
The article also outlines the College’s future budget planning efforts and strategies to diversify revenue. These include providing micro credentials and customized training for companies, expanding the college’s beer, wine and spirits retail operations, and seeking international opportunities for training and consultations.
He also pointed to strong domestic enrolment trends as a positive factor moving ahead.
“What we’re really bolstered by is the strong domestic student growth. We are one of the fastest-growing colleges for the third consecutive year in domestic growth so that is also something that will help us close the remaining budget gap as we’re trying to work our way through.”
Read the March 3 article here.
