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Ontario Tech acknowledges the lands and people of the Mississaugas of Scugog Island First Nation.

We are thankful to be welcome on these lands in friendship. The lands we are situated on are covered by the Williams Treaties and are the traditional territory of the Mississaugas, a branch of the greater Anishinaabeg Nation, including Algonquin, Ojibway, Odawa and Pottawatomi. These lands remain home to many Indigenous nations and peoples.

We acknowledge this land out of respect for the Indigenous nations who have cared for Turtle Island, also called North America, from before the arrival of settler peoples until this day. Most importantly, we acknowledge that the history of these lands has been tainted by poor treatment and a lack of friendship with the First Nations who call them home.

This history is something we are all affected by because we are all treaty people in Canada. We all have a shared history to reflect on, and each of us is affected by this history in different ways. Our past defines our present, but if we move forward as friends and allies, then it does not have to define our future.

Learn more about Indigenous Education and Cultural Services

Pulling the assumptions together

The aforementioned assumptions collectively support the realization of a balanced budget for 2024-2025 using a conservative budgeting approach with an estimated $19.0M in additional revenues offsetting an estimated $14M in net new expenses in 2024-2025 and $5M of planned reserves for future requirements. Total new investments are $23M when including the impact of repurposing prior year one-time only project funds. The assumptions are conservative in nature, leading us to suggest that there is low to moderate risk associated with the 2024-2025 budget projection.

While there is higher degree of risk associated with some of the revenue assumptions (i.e. enrolment, anticipated increase to the operating grant as a result of the Blue Ribbon panel recommendations, inflation), these are counterbalanced by the setting aside of a $2.4M contingency funds to protect against some of the unknowns at this point in time.