Council of Ontario Universities calls on ON to provide $500M in support

March 1, 2021
The Council of Ontario Universities is calling on the Government of Ontario to provide $500M of support to cover costs and lost revenue due to COVID-19. The Star explains that postsecondary institutions have incurred greater costs because they have had to close residences, enhance health and safety measures, and move courses online, and that these actions have affected revenues. The Star explains that universities were able to save $500M through “temporary reductions,” but that these reductions may not be sustainable as some expenses cannot be deferred. “What we’re looking for right now is to deal with the impact of COVID-19 in the 2021 fiscal period, but we’ll continue to monitor ... how this is impacting the sector over time,” said Steve Orsini, president of the Council of Ontario Universities. The Star (1) | The Star (2) (ON)