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Balanced budget invests in strategic priorities

News Release Release Date: July 7, 2016 12:15 p.m.

The University of Regina released its 22nd consecutive balanced operating budget today. The 2016-17 budget, which was approved by the Board of Governors after careful consideration, includes investments in student success, research impact and community outreach, and strengthens the University’s commitment to Indigenization and sustainability.

“Our University is a place where students come to build a better life, where our researchers push the boundaries of knowledge, and where our diverse communities come together to serve each other and serve others,” says Daniel Kwochka, Chair of the University’s Board of Governors. “This budget strengthens our commitment to excellence in each of these areas, advances our strategic priorities and continues a long tradition of fiscal responsibility.”

Enrolment at the University has grown by 21 per cent since 2009. Key investments in this budget to support continued growth include:

  • Three new academic positions in the Faculty of Engineering and Applied Sciences and two new academic positions in the Faculty of Kinesiology and Health Studies to respond to sustained enrolment increases in these disciplines;
  • Enhanced support services for the University’s growing student body with the creation of two new academic advising positions, an admissions officer for new permanent residents of Canada, an additional student counsellor psychologist, an additional discrimination and harassment prevention officer, and the extension of the personal safety coordinator position in Campus Security;
  • $455,000 in increased financial support for undergraduate and graduate students;
  • A $125,000 increase to enhance staff supports and community outreach capacity in the office for the Executive Lead – Indigenization; and
  • A $400,000 one-time investment to make technology upgrades in classrooms across campus, increasing the number of “smart classrooms” at the University.
The operating budget, which totals just under $215 million, includes a 3.8 per cent increase to the tuition fees for most programs. Total tuition and student fees remain below the national average, with the University ranking among the top third in terms of affordability in a comparison of 59 English-language universities across Canada. The University also continues to rank second among comprehensive universities in terms of total student financial support as a percentage of tuition.

The revenue from strong enrolments, both domestic and international, helped the University avoid significant reductions in most areas and permitted key investments to support the University’s strategic plan and respond to areas of growth. However, restraint measures will result in $700,000 in savings across six University units as a result of reductions in non-salary spending and the elimination of vacant positions.

“Post-secondary education is a critical investment because it helps increase incomes, lower unemployment, foster innovation, cultivate a sense of social responsibility, and enhance the quality of life for countless people,” says Dr. Vianne Timmons, University of Regina President and Vice-Chancellor. “This budget promotes fiscal sustainability while helping strengthen our impact on the wider community in all of these areas by investing in the services and supports that will enable our students, faculty and staff to be successful in the years to come.”

To download the full Comprehensive Budget Plan, visit: www.uregina.ca/orp/budget/budget-plan.html

 

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