Victoria Nicolaou of the St. Catharines Standard reported on NC’s 2026-27 budget, highlighting the College’s long-term strategy to navigate declining revenue while continuing to invest in future growth.
In the interview, President Sean Kennedy said the College intentionally chose not to eliminate the financial shortfall all at once, noting that doing so would have had a “devastating” impact on the institution, community and local employers. Instead, he states NC is relying on years of fiscal prudence and reserve funds to support a gradual recovery approach.
“We’re drawing from those reserve funds to help give us some runway to grow (and) regrow revenue in different ways, continue our domestic enrolment growth and allow international enrolments to stabilize and start to grow again,” Kennedy said.
Kennedy also pointed to continued domestic enrolment growth, expanded health-care programming and new revenue opportunities as key factors helping close the gap, with the College anticipating a return to a balanced budget within two years.
The article syndicated to the Niagara Falls Review and Welland Tribune.
Read the May 8 article here.
