Summary

Ontario Tech remains dedicated to advancing its strategic priorities through prudent budgeting. In these challenging financial times, we must prioritize enrolment growth, explore alternative revenue sources and identify cost efficiencies, while staying focused on three key strategic priorities: developing unique programs and offerings, increasing flexibility in program delivery, and a strong focus on job readiness.

While we have presented a balanced budget for 2025-2026, sustaining a balanced budget over the next two fiscal years is more uncertain. Ongoing efforts to find efficiencies are crucial, but such opportunities will likely become more difficult to identify over time and potentially problematic if they compromise our academic core.

Our budget challenges will persist, and to ignore them would be irresponsible. Should the university secure additional funding from government or other sources, building reserves to safeguard future fiscal sustainability is the top priority.

So far, prudent decisions have enabled us to present a balanced budget. Moving forward, we face difficult choices to allocate limited resources in ways that uphold our institutional priorities and secure financial sustainability.