VST annual income slashed

The British Columbia government’s recent cost-cutting campaign sliced nearly $250,000 from the annual income of Vancouver School of Theology (VST). Also affected are Regent College, which has an Anglican studies program, and St. Mark’s College, a Roman Catholic seminary. All three institutions are adjacent to the University of British Columbia.

The cut to VST, $238,456, amounts to seven per cent of its annual operating budget. Principal Ken MacQueen said the school is considering cutting costs, developing property and finding more sources of revenue.