A new website has been created to share information about the University of Windsor’s budget approach for 2024-25.

As previously communicated, the University is addressing significant financial challenges to ensure long-term sustainability. Despite achieving a balanced budget for 2024-25, a $2.8 million base deficit remains, necessitating a multi-year strategic approach.

The financial strain, largely due to a 2019 tuition cut and a six-year freeze on domestic tuition, has resulted in more than $35 million in annual revenue losses. To manage this, the University has identified the need for $5.6 million in savings for the 2024-25 fiscal year. This includes a 1.5 per cent budget reduction for departments and faculties, following a one per cent reduction in 2023-24.

Efforts have been made to minimize the impact on staff. The Budget Balancing Committee, with members from across the UWindsor community, worked diligently to find solutions for financial sustainability. Their recommendations, approved by the Provost Budget Committee, are incorporated into the 2024-25 Operating Budget.

These decisions, though difficult, are made with a commitment to the University’s mission, vision, and values. The University of Windsor remains optimistic about the future and confident in navigating these financial challenges.

For more details, including employee wellness resources and frequently asked questions related to the budget realignment strategy, visit the new website.