The University of Ottawa’s Board of Governors has approved the 2016-2017 budget, with a view to ensuring the institution remains on track with the goals of Destination 2020, the University’s strategic plan. Despite projecting a deficit, the $1B budget is aimed at building on the progress uOttawa has made in recent years, particularly with respect to teaching, research and the student experience.
The University will soon complete the hiring of 60 new professors, which has required an annual investment of $15.7M. Growth on campus continues, with construction of the Learning Centre, scheduled to open in January 2018; the addition of laboratories in Marion Hall and the Advanced Research Complex (ARC), which will significantly increase teaching and research lab space; and completion very soon of University Square.
The 2016-2017 budget includes an average 3% increase in tuition fees for Canadian students, which is in keeping with the Ontario government’s regulatory framework. Despite this increase, the University’s revenues from Canadian tuition fees remain unchanged from previous years, at 36% of the operating fund. Nonetheless, the University continues to offer one of the most generous financial aid programs in Ontario, with more than $100M in financial support available to our students.
Although the budget projects a $4.9M deficit, the University of Ottawa is introducing structural measures aimed at increasing revenue and reducing expenditures. For example, increased efforts in energy efficiency and more stringent real property management have resulted in savings of $25M per year, which is redirected to teaching and research activities. In fact, in 2015 the University was ranked second among Canadian universities and 27th worldwide in sustainable development by UI GreenMetric World University Ranking.
The University has adopted a rigorous approach to managing its finances. In addition, its $400M fundraising campaign—the largest in the University’s history—will help the University create a student experience like no other, support cutting-edge research and recruit and retain high-calibre teaching staff. The University of Ottawa is well positioned among universities both in Canada and abroad, and the coming year will see it come closer to realizing its full potential.
Manager, Media Relations