Yesterday evening, the University of Ottawa Board of Governors approved the 2017–2018 uOttawa budget. Despite a difficulty budgetary situation, members of the board recognize that many significant measures have been put forward and that the University wishes to build on its momentum of recent years, both from a student experience and a teaching and research perspective.
For the 2017–2018 fiscal year, the University has brought forth a budget with a $4.6 million deficit, similar to the deficit in the budget approved at the same time last year. The University will maintain its objective of addressing this deficit in the new fiscal year through measures aimed at service improvement and efficiency and the implementation of new net revenue-generating activities.
The Board of Governors has approved a tuition fee increase for Canadian students of an average of 3%. This is in accordance with the province’s regulatory framework. In addition to government financial aid, uOttawa students benefit from a financial aid and awards program of over $100 million.
The University’s priority remains the pursuit of its Destination 2020 strategic plan goals, which focus on the student experience, research excellence, internationalization, and bilingualism and the francophonie. Last year, 69 new positions for professors were created, 55 of which have already been filled. This represents a recurring investment of at least $12 million starting this year.
The university sector in Ontario and across the country is facing a period of rapid and profound change from which the University of Ottawa is not exempt. The reduction in the Canadian student cohort, particularly in 18 to 20 year olds, will become more pronounced, exacerbating competition among universities.
The University will therefore increase its efforts to carve out a unique place for itself, and expects the renewal of its Strategic Mandate Agreement with the Ontario government, currently under discussion, to leave it well-positioned. This process should be complete by the end of this June. The University of Ottawa ranks among the best in Canada and the world, and it intends to build on both its teaching and research excellence.
The University of Ottawa—A crossroads of cultures and ideas
The University of Ottawa is home to over 50,000 students, faculty and staff, who live, work and study in both French and English. Our campus is a crossroads of cultures and ideas, where bold minds come together to inspire game-changing ideas. We are one of Canada’s top 10 research universities—our professors and researchers explore new approaches to today’s challenges. One of a handful of Canadian universities ranked among the top 200 in the world, we attract exceptional thinkers and welcome diverse perspectives from across the globe.
Manager (acting), Media Relations