Fiscal responsibility, including balanced budgets, is of central importance to the University. But in recent years, a number of systemic factors related to the basic mechanism of funding universities have evolved, which over time have created extraordinary financial pressures for our institution.
At the time of the 2023/2024 Operating Budget approval, we identified several areas of uncertainty that would have future impact on the current and subsequent budgets. For detailed information about how these pressures, constraints, and uncertainties are affecting the operating budget, please review the communications to the University community.
Waterloo is known for solving complex problems with ingenuity and optimism. We will approach this challenge in the same, Waterloo way – with logic, creativity, and flexibility. And we will do it together as One University.