January 23, 2017

Page 1

Vol. CXXXVII, No. 15 January 23, 2017 thevarsity.ca —— The University of Toronto’s Student Newspaper Since 1880

U of T forecasts: Higher revenue $2.91 B Fiscal year 2016

$1.39 B

$3.13 B

Projected for the fiscal year 2017

Higher expenses $2.96 B

Projected for the fiscal year 2017

$2.70 B Fiscal year 2016

The largest source of income for the university is student fees, which are projected to account for 59.8 per cent of revenue in the fiscal year 2017

$1.36 B

-$309.3 M

Salaries are the largest expense for the university, projected to account for 45.9 per cent of expenses in the fiscal year 2017

in net transfers

+$89.0 M

in pension and benefit measurement

-$52.0 M

for the deficit at the beginning of the year

$52.0 M Fiscal year 2016

$93.9 M Projected for the fiscal year 2017

Debt: $1.02 billion


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January 23, 2017 by The Varsity - Issuu