Governments in Canada and elsewhere have embraced “austerity” as a necessary public policy to eliminate budgetary deficits and ensure future prosperity. How has this “austerity agenda” affected faculty, students, administrators and institutions in Ontario, in Canada, and globally? Is “austerity” inevitable, or are there alternatives? And what might universities do now, and in the future, […]
austerity
Lost in the media glare around Don Drummond’s message of expenditure restraint delivered by was the other side of the equation – government revenues. Drummond’s mandate excluded consideration of tax policy, which is highly problematic by itself. But his revenue forecast left some commentators downright perplexed. USW economist Erin Weir recently drew attention to the Drummond […]
The Drummond Report claims that it “protects annual growth in postsecondary funding at a time when many other public services will be rationalized.” True, it does recommend that postsecondary expenditures continue to increase by 1.5 per cent per year. But a quick look at the data reveals the truth: Drummond actually recommending a severe cut […]