Government is increasing its annual operating grant to two Nova Scotia universities.
Labour and Advanced Education will provide an additional $3.95-million to St. Francis Xavier University in Antigonish and $2.2-million to the University of King’s College in Halifax in the 2018-19 fiscal year.
This increase in operational funding will help stabilize their financial positions heading into the 2019-2024 memorandum of understanding between government and the universities.
“St. Francis Xavier and the University of King’s College have been fixtures in our communities for more than a century, and we want their economic, social and cultural contributions to continue for years to come,” said Labi Kousoulis, Minister of Labour and Advanced Education. “We’ll continue to work closely with St. FX, King’s and all our universities as we move forward.”
Universities in the province receive an annual grant from government and generate revenue through tuition and other means. In 2018-19, government provided $341 million in university operating grants.