Brock University and York University have each shared updates on how they are addressing their financial deficits and working toward financial sustainability. Both universities are engaging in projects that will introduce new sources of revenue, find more efficient ways to operate, and grow enrolment in key programs. In addition to these efforts, Brock Provost and VP Academic Arja Vainio-Matilla explained that the university is tackling its total shortfall of $39M by postponing hirings, right-sizing its programming and class sizes, and taking on initiatives to improve student retention and graduation rates. YorkU President Rhonda Lenton highlighted some of the ways that the university will address its over $100M deficit through its Forward Action Plan, which outlines 17 key projects that will be carried out over 2024-25 to 2026-27. YorkU will also be holding town halls for its community in the coming weeks.
