Google Search
U of T welcomes Ontario budget's support for universities

The University of Toronto welcomed the Government of Ontario's show of support for post-secondary education in its 2007-2008 budget, released yesterday.

"Ontarians need a system of post-secondary education that is both accessible and of high quality,” said David Naylor, president of the University of Toronto.

“We also need universities that lead the world in research,” Professor Naylor added. “This budget shows that the government is continuing its commitment to those goals, in the spirit of the Reaching Higher plan for post-secondary education it announced in the 2005 budget.”

In 2005 the government expanded university funding significantly. But university enrolments across Ontario have far outpaced projections made at that time. This year, for instance, universities enrolled 14,000 more students than the “Reaching Higher” projections had planned for.

The university commends the government for its investment of $210 million in incremental funds to alleviate Ontario universities’ immediate cost pressures in the coming fiscal year. The government also allocated $15 million to university capital projects across the province.

The University of Toronto looks forward to working in close partnership with the Government of Ontario as it negotiates the transfer of significant new funds for post-secondary education from the Government of Canada -- announced in the federal budget earlier this week.

The university also applauds the Government of Ontario’s targeted investments in two U of T initiatives:

- $50 million to develop the university’s capacity for interdisciplinary research on the creation of jurisdictional economic advantage.

- $15 million to support U of T’s advanced research in structural genomics -- the study of human proteins to treat diseases such as cancer; U of T leads a major international consortium in the field, which also includes researchers at the University of Oxford and at Sweden’s Karolinska Institutet.

Such support will help ensure the University of Toronto can play its leadership role as a unique asset for Ontario and Canada.

The University of Toronto has more researchers leading in more fields than any other Canadian university. In classrooms and laboratories, those professors are teaching a generation of Ontarians to do the same.

© University of Toronto Scarborough