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University of Regina responds to 2021-22 provincial budget

Other Release Date: April 6, 2021 4:00 p.m.

Earlier today, the Government of Saskatchewan tabled its 2021-22 provincial budget, which included the announcement of stable multi-year funding for the province’s post-secondary institutions. The University of Regina, along with Saskatchewan’s other post-secondaries, will see base operating funding protected at current levels for the next four years.

The University of Regina welcomes the longer-term approach the government has introduced, as it enables the University to plan into the future with greater certainty.

Today’s provincial budget announcement also includes nearly $11 million in non-base funds that will be allocated to the University of Regina over the next two years. This injection of funds is intended to assist the University in transitioning to a more financially sustainable future by funding projects or initiatives that generate new revenue streams, enable greater cost efficiencies, and provide for increased sector-wide collaboration. 

“The University of Regina applauds the Government of Saskatchewan for having recognized the need to work toward a sustainable future by providing this incremental funding. Our institution is built on ideas and innovation and we look forward to charting a course that will strengthen our teaching and research enterprise,” said Interim President and Vice-Chancellor Dr. Thomas Chase. 

“While institutional costs continue to rise due to inflationary pressures, salary and benefit increases, and other expenditures, the University is proud of its sound financial management, delivering balanced budgets for 26 consecutive years.” 

The University of Regina has made every effort to keep post-secondary education accessible and limit increases to tuition and student fees, including:

  • Funding and managing Student Emergency Funds which provided more than $415,000 to students in financial need;
  • Temporarily suspending or reducing some fees (Recreation & Athletic, Parking) when many Canadian universities did not;
  • Expanding the number of courses that feature Zero-Cost Materials or Open Educational Resources, thereby saving students money on course materials;
  • Making it quicker and easier for students to transfer credits from other post-secondary institutions, saving them money on tuition; and,
  • Continuing to rank among the top Canadian universities in returning/providing funding to students through scholarship and bursary supports.

Following the rollout of the Provincial Budget, the University will continue with its own budget-planning process for 2021-22. A budget proposal will go before the Board of Governors for approval in May with a public announcement expected shortly thereafter.

*Interim President and Vice-Chancellor, Thomas Chase will be available for media interviews tomorrow (Wednesday) beginning at 10:00 am. Interested media should reach out to the media contact noted above.

 

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