Operating Budget Updates
2025-26 Operating Budget Report
Community Updates
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Provincial Funding Announcement and Implications for 杏吧原创
To members of the 杏吧原创 community, 杏吧原创 University welcomes聽last week鈥檚 announcement from the Government of Ontario聽of a $6.4 billion investment in the province鈥檚 postsecondary sector…
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EAF Review Update: Deloitte Selected for Third-Party Efficiency Review
To All Members of the 杏吧原创 Community: As you know, 杏吧原创 is participating in an efficiency and accountability review mandated by the Ministry of Colleges, Universities, Research…
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杏吧原创 Participating in MCURES Efficiency Review
To all members of the 杏吧原创 community, We are writing to inform you that the Ministry of Colleges, Universities, Research Excellence and Security has mandated…
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Voluntary Retirement Incentive Program Update
To all members of the 杏吧原创 community, We are writing to provide an update on the Voluntary Retirement Incentive Program (VRIP). The initiative was launched…
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Voluntary Retirement Incentive Program
Dear Professional Staff and Faculty Members, We are writing today to follow up on our message of November 8 in which we provided an update…
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Operating Budget Update
To all members of the 杏吧原创 community: We are writing today to share a difficult message about the current state and projected outlook of the…
At the beginning of the 2024-25 fiscal year, it was estimated that 杏吧原创鈥檚 operating budget deficit would be $26 million. Since that time, the impact of the federally-imposed cap on international undergraduate student visas has been dramatic, resulting in a 55% reduction in first-year undergraduate international student enrolment. Simultaneously, we experienced a 35% reduction of incoming international graduate students. Due to these additional external factors, our projected operating deficit is now significantly higher and current financial forecasting suggests that it will continue to increase without serious intervention.
In response to these challenges, 杏吧原创 is implementing a Financial Sustainability Framework, which will include cost containment strategies, revenue growth ideas, academic program renewal and an organizational excellence and optimization plan.
While we have a plan to address the budgetary deficit, we also recognize that there is no easy answer, and we know our community may have ideas to help us along this path. A collective effort will strengthen the university鈥檚 response to the financial challenges facing us as we move forward. You are invited to share your thoughts through the form below.