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Friday, February 17, 2017

Georgian College Tackles $7 Million Shortfall

Orillia | by Ian MacLennan  
Staff cuts, increase in parking rates among the money saving plans.

Georgian College has found $7 million in savings to balance the 2017-18 budget.

Among them,  Georgian will sell the Kempenfelt Conference Centre, near Barrie.

Georgian took over the waterfront facility from the province in 1981.

Another $2.2 million dollars will be saved in contract negotiations with external vendors,  upgraded lighting and infrastructure, a two per cent increase in parking pass rates, and reduced spending on supplies and materials.

As well,  seven full-time administration roles are being cut,  a number of full-time support staff positions are also affected, and all full-time staff will be offered reassignment based on seniority,  while the impact on part-time staff has not been determined.

President and CEO MaryLynn West-Moynes says Georgian, like all colleges, faces a significant shortfall in funding that has lagged behind inflation for man years.

 


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