The University of Winnipeg’s Board of Regents has approved a balanced budget of $171.3 million for the 2023-2024 fiscal year.
The budget reflects a 20.2 per cent increase to the University’s base operating grant from the provincial government. This additional funding is equivalent to $13 million. The University’s operating grant had remained relatively flat for the five budget years prior to this year’s provincial budget, which included a 12 per cent increase in post-secondary education funding.
In addition to the increased operating grant, the University has also received $1.2 million in deferred maintenance funding for 2023-2024, which will be used to address critical deferred maintenance needs on campus.
To ensure the University remains affordable and accessible to all, the tuition increase was capped at 2.75 per cent for the upcoming academic year. This change, which aligns with provincial government regulations, amounts to between $117 and $134 per year for a domestic student taking a full course load. While offering an excellent quality of education with exceptional research and leadership opportunities, The University of Winnipeg remains one of the most affordable post-secondary institutions in Canada.
The University’s approved budget prioritizes high-quality teaching and research, and has allocated resources for new faculty and staff positions to support student success. The budget also includes funding for initiatives that advance Truth and Reconciliation, enhance mental health support for students, and assist in managing salary and inflationary pressures. Funding has also been directed to increase financial supports for students, including an additional $200,000 allocation for student awards and bursaries.
“As we move forward with this budget, we are committed to investing in student success and contributing to the well-being of our community,” said Dr. Todd Mondor, President and Vice-Chancellor. “We will continue to prioritize high-quality teaching and research, while also ensuring that our students have access to the resources they need to thrive academically and personally.”