Upper Canada District School Board (UCDSB) trustees adopted the 2024-2025 budget on Wednesday, June 5.
For compliance purposes, the budget includes revenues of $447 million (a $28.9 million or 6.9 percent increase over 2023-24 compliance revenues of $418.1 million), and expenses of $446.6 million with a projected year-end surplus of $0.4 million.
The balanced budget for 2024-2025 has no cuts to the instructional services already provided in the 2023-24 school year and includes provisions for new and ongoing initiatives.
Also included in the budget is $52.1 million for capital improvements to school facilities, an increase of 15 percent to the Special Education budget compared to 2023-24, fully funded remedy payments from Bill 124, more positive transportation funding, and appropriate measures for managing financial risk in the year.
The adopted budget has been sent to the Ministry of Education for final approval.
