SASKATOON – There are money troubles at the University of Saskatchewan which has approved an operating budget with a projected deficit of $3.3 million.
The university says projected revenue is just under $468 million, but operating expenses are expected to come in at more than $471 million for the next school year.
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The Saskatoon school says the deficit would be higher without job and program cuts already made to save money.
The University of Saskatchewan also plans to save $2 million by putting off some planned spending for infrastructure renewal.
A tuition increase averaging 4.5 per cent was announced in March.
The budget details come as the university tries to address a projected $44.5-million annual deficit in its operating budget by 2016.
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