The school says it "cannot meet its core operating costs, which consist mostly of salaries and the day-to-day operations that support teaching, research and student life." Facing a growing deficit and the prospect of debilitating tuition changes, Concordia University is freezing executive salaries, slashing its overall budget by 7.8 per cent and may suspend infrastructure projects. In a memo to staff Thursday, the university said its deficit is currently $35 million. That’s 80 per cent more than the $19.4-million deficit anticipated when its budget was approved in May.
