Selkirk College is pleased to announce the approval of a balanced operating budget of $70.4 million for the 2025-26 fiscal year.
This milestone, endorsed by the Selkirk College Board of Governors at its May meeting, reflects the college's proactive and collaborative approach to navigating a rapidly changing post-secondary landscape.
The budget planning process addressed a projected $9 million revenue gap, driven largely by anticipated reductions in international student enrolment due to recent federal policy changes. Despite these challenges, Selkirk College has taken decisive steps to ensure long-term sustainability while continuing to deliver high-quality education and services.
Key Highlights of the 2025-26 Budget
- A 5% increase in domestic student enrolment, signalling strong regional demand for Selkirk College programming.
- Stable government grant funding, including support for new programs and wage adjustments.
- Continued investment in student housing and campus infrastructure, supported by capital grants.
- Strategic cost reductions, including a 10% decrease in salaries and benefits and a 4% reduction in supplies and services.
- Targeted funding secured for high-demand areas, such as health and human services, early childhood education and academic upgrading.
"Passing a balanced budget in this environment is a significant achievement," says Andrea Hall, executive director of finance and CFO. "It's a testament to the dedication and resilience of our entire college community. Together, we've made thoughtful, strategic decisions that position us for a strong and sustainable future."
While international enrolment is projected to decline by 55% in 2025 26, Selkirk College is actively working to mitigate further reductions in 2026 27. The college remains committed to maintaining a vibrant and inclusive learning environment for both domestic and international students.
This positive financial outlook, combined with strong enrolment trends and continued program innovation, underscores Selkirk College's role as a vital educational and economic driver in the region.
