Ontario Colleges Face Cuts
This is a Ontario news story, published by Global News, that relates primarily to Algonquin news.
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executive payGlobal News
•US Politics
US Politics
As Ontario colleges lay off staff and close campuses, executive pay climbs | Globalnews.ca
72% Informative
Top five best-paid college presidents in Ontario made an average of roughly $492,000 in 2024 .
The highest college president earned $ 636,106.70 — more than triple the salary paid to Ontario ’s premier.
The federal government capped the number of international students coming to Ontario last year .
Institutions like Seneca and Algonquin decided to close college campuses to cope with enrolment and funding issues.
The Ford government is monitoring compensation increases at colleges over the years , as well as program cuts and pleas for more funding.
The OSPEU union says a salary freeze at the executive level would be “recommendable” and that colleges need “an immediate infusion of funding to bridge this current crisis” The government has not announced plans to give colleges new funding since February last year .
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