On Thursday, March 21, the SFU Board of Governors approved SFU’s budget for the 2019/20 fiscal year. The budget demonstrates the university’s ongoing commitment to high-quality academic programming and support for students. The budget approval comes after a five-month budgeting and consultation process. Under the University Act, universities are not permitted to run a deficit, therefore a balanced budget is mandatory. SFU, and other universities, are facing financial pressures that include being competitive in faculty recruitment and retention (particularly in high demand sectors), inflation, and increasing capital costs to maintain and upgrade campuses. The consultation process included online and in…
