OCUFA is busy planning a University Finance Workshop, to be held on November 13th in Toronto. The inaugural issue of the new Report on Ontario University Finances is set to be released later this month. With these events in mind, Data Check is taking a brief look at university revenues this week. Next week’s issue […]
public funding
For the first time ever, tuition fee revenue has exceeded public operating funding for Ontario’s universities. Tuition fees now account for almost 51 per cent of the university operating budgets across the province. “Our universities are meant to be public – that is, supported by public dollars,” said Kate Lawson, President of OCUFA. “The fact […]
New data shows that the Ontario government operating funding to universities in 2012-13 did not keep up with enrolment increases. For the first time in a while, the level of funding also failed to keep up with inflation. The latest Financial Report of Ontario Universities from the Council of Finance Officers – Universities of Ontario shows that provincial operating funding was […]
The Conference Board of Canada recently reported on this country’s innovation record, with Canada ranking thirteenth of the sixteen countries considered. While Canada got a grade of “B” for public spending on research and development (R&D), Canadian business got a “D” for its efforts and ranked second from last. The report observes that Canadian business expenditures on (R&D) […]