ÎÛÎÛÂþ» (ÎÛÎÛÂþ») Trustees approved a $3.5 Billion operating budget for the 2024-25 school year during a Board Meeting yesterday evening.
The 2024-25 budget prioritizes investments in key areas that directly support students. This includes:
- Maintaining more than 350 school-based staff positions
- Maintaining budgets that directly support equitable outcomes (e.g. Model Schools)
- Maintaining Special Education investments
- Maintaining school budgets
A number of cost saving measures were identified for the 2024-25 school year to balance the budget, including a reduction of $17 million for Central Staff ($5 million), School Operations ($5 million), and Replacement Costs for Sick Leave ($10.5 million that will be attained through initiatives in support of staff attendance). ÎÛÎÛÂþ» will also use $27.5 million in Proceeds of Disposition (money received upon the sale of ÎÛÎÛÂþ» property) to offset operating costs. In addition, the Board will request the use of an additional $500,000 in Proceeds of Disposition while it works toward more sustainable solutions for some historical programs.
Throughout the past year, the ÎÛÎÛÂþ» has advocated to the Ministry of Education and the Government of Ontario for adequate funding support that meets the unique needs of students and schools across Toronto. This advocacy will continue.
For more information on the ÎÛÎÛÂþ»’s 2024-25 budget, please see the approved .
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