The College of New Caledonia's board of governors has approved a balanced $92.6-million budget for the 2025-26 fiscal year, despite a projected $7.1-million drop in international tuition revenue.
The board passed the budget during its regular meeting on April 24. College officials say the financial plan prioritizes maintaining student services and academic quality while aligning spending with expected revenue.
President Cindy Heitman said the college remains focused on supporting students even as it faces financial pressures from declining international enrolment.
"Despite the challenges posed by the decrease in international tuition revenue, we are committed to maintaining and enhancing student services," Heitman said in a statement.
To offset the loss in tuition revenue, CNC plans to maximize use of its provincial operating grant and make what it called “strategic expense alignments.” These efforts include workforce adjustments across employee groups.
The college says it will continue supporting student success through initiatives such as a review of academic divisions to align with labour market needs, along with further investment in strategic enrolment management and technology upgrades.
Board chair Shobha Sharma said the plan reflects CNC’s long-term priorities.
“This budget reflects our commitment to maintaining the quality of education and services at CNC despite the challenges posed by the decrease in international tuition revenue,” she said.
The budget covers the fiscal year ending March 31, 2026.
.png;w=120;h=80;mode=crop)
