U of L president to discuss funding cuts at SACPA
By Jensen, Randy on June 13, 2020.
LETHBRIDGE HERALD
University of Lethbridge president and vice-chancellor Mike Mahon will be the guest speaker at a special Monday online session of the Southern Alberta Council on Public Affairs, discussing the post-secondary cuts the U of L has been forced to endure.
The reductions to U of L’s budget is a result of the reductions to provincial operating grants from 2019-20 to 2022-23 are significant (20 per cent).
Mahon will further explain the cuts, staff layoffs and budgetary requirements post-secondary institutions, including U of L, will have to deal with.
Mahon was installed as the President and Vice-Chancellor of the University of Lethbridge in 2010 and after serving two consecutive terms has been reappointed for a third term beginning July 1.
Monday’s online session will begin at 10 a.m. on YouTube Live link: https://youtu.be/ncsoz79_x58. In order to ask questions of the speaker in the chat feature of YouTube, you must have a YouTube account and be signed in.
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So let’s determine the difference between a cut and a grant.
A cut is when you actually take 10 dollars off every 100 you earn. That is a cut.
A grant is when you still earn your 100 dollars but you don’t get an extra 10. So why would you expect an extra 10 every year?
Grants are allotments that when the extra money is there it is handed out by the government. U of L and cities should stop operating on the premise that grants are infinite. The presidents, mayors and others should know this.
CBE lost 32 million in GRANTS, They called it a budget cut. Nonsense. IF you are budgeting grants into your operating budget you are operating on false hope and just got called on it.