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The University and the City: A Mutually Beneficial Partnership

Contribution to the Institute on Municipal Finance and Governance (IMFG) series Bold Election Ideas for the Toronto Region.

“I recently had a nightmare. It is 2030, five years after a perfect storm has forced the city’s universities to close. Universities saw their public funding reduced substantially over time, as part of the effort to tackle the provincial deficit. Tuition fees were abolished in the belief that this would expand access. Universities’ pension plans faced huge unfunded liabilities, requiring onerous extra payments to be diverted from increasingly depleted operating budgets. The Ministry required more courses to be offered online and demanded that degree programs be just three years in length, to reduce costs and to speed graduates’ entry into the workforce. …”

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