Ontario School Boards Face Financial Crunch, Two-Thirds Expect Deficits
Ontario's school boards are grappling with financial challenges. Nearly two-thirds are expecting deficits or tight budgets for the 2025-26 school year. Among them, Renfrew County District School Board plans a $450,000 deficit to upgrade trades equipment and boost staff wellness initiatives.
Rising costs are putting pressure on school boards' budgets. Increased spending on special education, staff pay hikes, mandatory benefits, and CPP contributions are straining finances. Out of 72 boards, 25 have approved deficit budgets, while 19 managed to balance their budgets after making cuts.
Smaller rural boards face unique pressures. Despite stable enrolment and reserves, they struggle with limited resources. The Toronto District School Board, for instance, is also planning a $450,000 deficit to modernize trades equipment and improve staff well-being.
The financial outlook for Ontario's school boards remains uncertain. With nearly two-thirds projecting deficits or tight budgets, and only 28 boards expecting small surpluses, the need for sustainable funding solutions is clear. Boards are making tough decisions to balance budgets, including investing in critical areas like trades equipment and staff wellness.
Read also:
- Executive from significant German automobile corporation advocates for a truthful assessment of transition toward electric vehicles
- Crisis in a neighboring nation: immediate cheese withdrawal at Rewe & Co, resulting in two fatalities.
- Financial Aid Initiatives for Ukraine Through ERA Loans
- Diagnosing Male Fertility Issues: A Guide to Understanding Male Fertility Evaluations
