uRegina approves balanced budget with tuition increase

May 7, 2015

The University of Regina released its 21st consecutive balanced budget yesterday. The budget includes a $1.23 M increase in financial support for undergraduate and graduate students and a $1.1 M investment in various research initiatives. However, the budget also includes a tuition increase that will see fees go up by an average of 3.6%. 61% of new tuition revenue generated in 2015–16 will be allocated to increases in student financial support. The budget also includes savings realized through a voluntary incentive plan for retirement, the elimination of currently vacant positions, and a reduction in discretionary spending. uRegina News Release