Queen’s University will cut costs this year as it grapples with ongoing budgetary issues.
The University is projecting a $35.7 million operating budget deficit, confirmed in the Final Operating Budget Report to the Board of Trustees on May 10. To mitigate the impact of the deficit, the University will uphold the hiring freeze initiated in May 2023 and put into action Voluntary Retirement Initiatives currently ongoing in the Faculty of Arts and Science (FAS).
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In addition to increased costs and inflation, the budget deficit was blamed on provincial tuition cuts and freeze for in-province students and decreased international and graduate student enrollment.