ERIC Number: ED332563
Record Type: RIE
Publication Date: 1991-May
Reference Count: N/A
The Financial Position of Universities in Ontario: 1991.
Council of Ontario Universities, Toronto.
Using data which commences with the 1977-78 university fiscal year, and ending with the most current year for which information is available, the financial position of Ontario universities was assessed. The budgetary priority assigned to Ontario universities has declined steadily and substantially over the past 14 years despite a consistent growth in governmental expenditures and a growing provincial economy. Ontario's spending per university student had been consistently below the national average, and is inconsistent with the province's overall wealth. In comparison to the United States, the Government of Ontario has accorded university spending a lower priority than many states, and while Ontario grants to universities barely kept pace with inflation, appropriations in some states grew by 35-40 per cent. Additionally, the significant increase in research activity achieved by Ontario universities has gone largely unrecognized by provincial government in its provision of university operation support. Particularly affected have been library acquisitions, employee benefit packages, buildings and grounds, and assets. Given the enormous demand for university graduates expected during the years ahead, the time has come for political rhetoric and budgetary priority to come together. This report's data are presented in 19 figures and 24 tables. An appendix provides an update of the Ontario University non-salary price index. (JB)
Descriptors: Costs, Educational Finance, Expenditure per Student, Expenditures, Financial Policy, Financial Problems, Financial Support, Foreign Countries, Government Role, Higher Education, Resource Allocation, Trend Analysis
Council of Ontario Universities, 444 Yonge Street, Suite 203, Toronto, Ontario.
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: N/A
Audience: Policymakers; Administrators; Practitioners
Authoring Institution: Council of Ontario Universities, Toronto.