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Volume 52, Number 8 Memorial University of Newfoundland's Student Newspaper November 2,2001 MUNSU begins financial recovery Student union $1.6-million in debt By KAREN FOLLETT Despite successfully creating IIbudget this year, Memorial's student union is $1.6-milIion I Aaron Kennedy, MUNSU's ident finance, says that the organization is working on the situation. "We're • insolvent, 1 guess that's the word... we owe more money than we have. We're not bank- jrupt," he said. •■"We're working on changing I that right now. We're talking to L the university about certain I bills that we have to pay, and Iwe're cluing up accounts re- Iceivable that are outstanding." I This current budget is first step in their o cut back on what they ;[The budget] helped pay some of our loans,"said inedy. "We actually did have ilus, and that surplus was ideally put into paying our huge loans." The document, which is bro- into the various areas and services of the union, is effective for the year. It explains, in detail, how student money is divided up and spent, each term, by the union. MUNSU struck up a committee, early this term, to look at the budget in depth. "[The budget] would have been passed the middle of September, but council decided to elect a committee to sift though it for almost three weeks. Otherwise, I'm extremely happy with it," Kennedy said. "Thei l't uch money as I'd hoped for student services. Hopefully that will change next year . . . but I was a little upset that we didn't have as much money for student services, but that's all you can do." Overall, Kennedy says that he is happy with this year's budget. For him, and many members of MUNSU, it is a definite improvement over last year, when the union operated without a budget and consequently ran into a few prob lems. Kennedy feels that, this year, the budget was looked at very closely, and those who worked on it tried to counteract problems ofthe past. "It's tight, because we have no money, but it's very good," he said. Kennedy also talked about how he worked some newer services into the finances. "The biggest step [was] getting Walksafe extra time and money," he said. "Walksafe and Safedrive . . . there is a $15 to $16,000 cost there . . . and it was one of those services that we really made sure that we had enough money to start up and keep going." MUNSU has also hired two new staff members, with extra money from the budget. Working within their office now are a new resources coordinator and a financial assistant. "Other than that, the services have been pretty standard," said Kennedy. Another area getting more Please see We, 11 Student groups seek federal funds Martin emphasizing security over social programs y STEVE DURANT if the country's major stu- : unions are fighting hard to lire that post secondary edu- benefits from the federal nment's fall budget. Responding to the drastic to Canada's economy in ewakeof the September 11 atthe United States, the federal government has an- I nounced it will table an early fall news 1 opinion feature national news sports arts & ent classifieds ,3-5,11 6-10 12-13 15 16, 17 18-21 22,23 i www.mun.ca/muse Finance Minister Paul Martin insists that the budget will focus strongly on national security, says an official from the Department of Finance. She says that no other aspects of the budget will be released until it is tabled. This has not stopped student organizations from lobbying, however. Liam Walsh, Newfoundland chair of the Canadian Federation of Students (CFS), thinks that education is crucial if the government wants to get the economy back on its feet. "As much as [the budget] is going to be narrowed in terms of military and whatnot, which has been thrown upon us, you still have to make sure we keep the necessities of society going, and that's our social programmes," he said. "I think that even though there are problems going on in the w.orld, we have to keep going and make sure that our country runs at its full potential." Liam Arbuckle, President of CFS's rival, the Canadian Alliance of Student Associations (CASA), agrees. "[CASA thinks] the federal government needs to realize that education is one of those fundamentals that you can't ignore, despite whatever situations are occurring around you," he said. "Because an educated populace is far better suited to deal with the upcoming concerns of our country than a non-educated populace." In their upcoming presentation to the House of Commons Committee on Finance, CASA will ask the federal government to put more money into the maintenance of universities, says Arbuckle. They will also seek funds to lower interest rates on Canada Student Loans, and to establish a program to fund the indirect costs of research at universities. The CFS has also put together a list of proposals for the federal government, says the organization's National President Ian Boyko. These are more radical, calling for the government to scrap the Millennium Scholarship Fund and Registered Education Savings Plans (RESPs), which Boyko de- A car flipped over in front of the clock tower last week. There were no serious injuries. scribes as "not working" and "targeting the wrong population." In addition, the CFS wants the government to reverse changes to the Bankruptcy Act, which requires students to wait ten years after graduation to declare personal bankruptcy, as well as to the way retraining programs are administered. Both unions are lobbying the government to negotiate a federal- provincial accord on post-secondary education. Such an accord would be similar to the Canada Health Act, which legislates national standards and defines governments' responsibilities. Please see Rivals, 11 Remember our true heroes. 722 2222
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Title | Cover |
Description | The Muse, vol. 52, no. 8 (2 November 2001) |
PDF File | (25.85MB) -- http://collections.mun.ca/PDFs/muse/TheMusevol52no82November2001.pdf |
Transcript | Volume 52, Number 8 Memorial University of Newfoundland's Student Newspaper November 2,2001 MUNSU begins financial recovery Student union $1.6-million in debt By KAREN FOLLETT Despite successfully creating IIbudget this year, Memorial's student union is $1.6-milIion I Aaron Kennedy, MUNSU's ident finance, says that the organization is working on the situation. "We're • insolvent, 1 guess that's the word... we owe more money than we have. We're not bank- jrupt," he said. •■"We're working on changing I that right now. We're talking to L the university about certain I bills that we have to pay, and Iwe're cluing up accounts re- Iceivable that are outstanding." I This current budget is first step in their o cut back on what they ;[The budget] helped pay some of our loans,"said inedy. "We actually did have ilus, and that surplus was ideally put into paying our huge loans." The document, which is bro- into the various areas and services of the union, is effective for the year. It explains, in detail, how student money is divided up and spent, each term, by the union. MUNSU struck up a committee, early this term, to look at the budget in depth. "[The budget] would have been passed the middle of September, but council decided to elect a committee to sift though it for almost three weeks. Otherwise, I'm extremely happy with it," Kennedy said. "Thei l't uch money as I'd hoped for student services. Hopefully that will change next year . . . but I was a little upset that we didn't have as much money for student services, but that's all you can do." Overall, Kennedy says that he is happy with this year's budget. For him, and many members of MUNSU, it is a definite improvement over last year, when the union operated without a budget and consequently ran into a few prob lems. Kennedy feels that, this year, the budget was looked at very closely, and those who worked on it tried to counteract problems ofthe past. "It's tight, because we have no money, but it's very good," he said. Kennedy also talked about how he worked some newer services into the finances. "The biggest step [was] getting Walksafe extra time and money," he said. "Walksafe and Safedrive . . . there is a $15 to $16,000 cost there . . . and it was one of those services that we really made sure that we had enough money to start up and keep going." MUNSU has also hired two new staff members, with extra money from the budget. Working within their office now are a new resources coordinator and a financial assistant. "Other than that, the services have been pretty standard," said Kennedy. Another area getting more Please see We, 11 Student groups seek federal funds Martin emphasizing security over social programs y STEVE DURANT if the country's major stu- : unions are fighting hard to lire that post secondary edu- benefits from the federal nment's fall budget. Responding to the drastic to Canada's economy in ewakeof the September 11 atthe United States, the federal government has an- I nounced it will table an early fall news 1 opinion feature national news sports arts & ent classifieds ,3-5,11 6-10 12-13 15 16, 17 18-21 22,23 i www.mun.ca/muse Finance Minister Paul Martin insists that the budget will focus strongly on national security, says an official from the Department of Finance. She says that no other aspects of the budget will be released until it is tabled. This has not stopped student organizations from lobbying, however. Liam Walsh, Newfoundland chair of the Canadian Federation of Students (CFS), thinks that education is crucial if the government wants to get the economy back on its feet. "As much as [the budget] is going to be narrowed in terms of military and whatnot, which has been thrown upon us, you still have to make sure we keep the necessities of society going, and that's our social programmes," he said. "I think that even though there are problems going on in the w.orld, we have to keep going and make sure that our country runs at its full potential." Liam Arbuckle, President of CFS's rival, the Canadian Alliance of Student Associations (CASA), agrees. "[CASA thinks] the federal government needs to realize that education is one of those fundamentals that you can't ignore, despite whatever situations are occurring around you," he said. "Because an educated populace is far better suited to deal with the upcoming concerns of our country than a non-educated populace." In their upcoming presentation to the House of Commons Committee on Finance, CASA will ask the federal government to put more money into the maintenance of universities, says Arbuckle. They will also seek funds to lower interest rates on Canada Student Loans, and to establish a program to fund the indirect costs of research at universities. The CFS has also put together a list of proposals for the federal government, says the organization's National President Ian Boyko. These are more radical, calling for the government to scrap the Millennium Scholarship Fund and Registered Education Savings Plans (RESPs), which Boyko de- A car flipped over in front of the clock tower last week. There were no serious injuries. scribes as "not working" and "targeting the wrong population." In addition, the CFS wants the government to reverse changes to the Bankruptcy Act, which requires students to wait ten years after graduation to declare personal bankruptcy, as well as to the way retraining programs are administered. Both unions are lobbying the government to negotiate a federal- provincial accord on post-secondary education. Such an accord would be similar to the Canada Health Act, which legislates national standards and defines governments' responsibilities. Please see Rivals, 11 Remember our true heroes. 722 2222 |
Date created | 2018-04-03 |