Ontario Budget 2007 contains no new initiatives for universities that will be sustained through the life of the government’s Reaching Higher plan. As with last year’s Budget, Reaching Higher funding targets were re-announced. A one-time injection of $390 million from federal funding was also announced for post-secondary education (PSE).
The year 2007-08 is crucial for Ontario universities. Reaching Higher announced that 12,000 more graduate spaces would be created by this time than were in place in 2002-03. Undergraduate enrolments are now expected to have increased by over 66,000 over the same period.