The College of New Caledonia’s Board of Governors passed a balanced budget for the 2025/26 fiscal year during a meeting today (Monday).
However, it reflects a projected shift in international student enrolments, resulting in an estimated decrease in international tuition revenue of $7.1 million.
To ensure a balanced budget, CNC will strategically align planned expenses with expected revenue, maximizing the provincial operating grant to support college-wide activities and services previously supported by international tuition revenue.
“Despite the challenges posed by the decrease in international tuition revenue, we are committed to maintaining and enhancing student services. By strategically aligning our expenses with expected revenue and maximizing the provincial operating grant, we will continue to support college-wide activities and services. Our focus remains on key priority areas to ensure the best possible experience for our students.” said Cindy Heitman, CNC President.
The board has approved a $92.6 million balanced budget for the fiscal year ending March 31, 2026.
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