To address operating budget deficits and achieve structural balance, Queen's has implemented several measures.
Completed and ongoing measures have included:
- a university-wide hiring freeze
- voluntary retirement plan for faculty, librarians, and archivists
- voluntary exit initiative for select staff
- base budget reductions across faculties and share services
- reduced spending on travel, technology, and procurement
- operational improvements, including service and expense sharing, and new campus partnerships
Leading financial analysts have recognized our efforts positively. In Spring 2024, S&P Global Ratings affirmed Queen’s AA+ long-term credit rating, and DBRS Morningstar confirmed their AA rating for Queen’s remains unchanged.
Queen’s Renew Program
The Queen’s Renew Program aims for long-term financial health so we can invest more in our academic mission into the future.
This work will focus on finding structural efficiencies and ensuring professional services staff are well supported with effective tools, systems, and processes.
Learn more about this work on the Queen's Renew Program website.