Message from the Provost
Ryerson is facing an increasingly challenging fiscal environment. While our operating costs continue to rise, several changes from the provincial government for 2019-20 had a significant impact on the university’s operating budget.
This is not the first time we have had to make difficult decisions as a university. Though balancing the budget has been a complex and onerous task, considerable input from academic and administrative leaders, as well as the greater Ryerson community, was instrumental in finding the most reasonable outcomes for our community.
This has been our most consultative budget process to date, during which we:
- examined ways to increase revenues;
- made targeted expenditure reductions;
- implemented reductions across the board – buffered over two years; and,
- funded modest expenditures to protect core activities.
Promoting access to a high-quality post-secondary education has always been one of Ryerson’s core values, and we have worked very hard to minimize the disruption to students and to put their needs first.
We thank everyone who shared their perspectives, insights and solutions throughout these proceedings. As we continue to refine our new path, we will do everything we can to protect Ryerson's evolution and our vision of the future.
Provost and Vice-President, Academic
Process and guiding principles
Provost and Vice-President, Academic Michael Benarroch is leading an open and consultative budget process to establish Ryerson’s priorities for the next fiscal year. The six-month exercise concludes when the proposed budget is presented to the Board of Governors in April for their review and approval.
At Ryerson, we adhere to five guiding principles when preparing the annual budget:
- Prioritize students;
- Protect Ryerson’s core business;
- Be fair and transparent;
- Remain forward looking; and
- Conduct wide consultations with the community.