“We appreciate the provincial government’s ongoing recognition of the importance of post-secondary education, innovation and research to the future of the province,” said U of S President Peter MacKinnon. “This is a crucial investment in the U of S during challenging economic times.”

The annual grant provides the majority, or about 70 per cent, of the university’s operating funding. Other revenue sources are tuition and investment income.

Specific funding highlights for the University of Saskatchewan include:
- $7.34 million incremental funding for targeted expansion in medicine and nursing programs;
- $12.1 million in sustaining capital funding, which includes additional borrowing capacity; and
- $6.1 million in new and ongoing funding (examples include scholarships, the Canadian Light Source (CLS) synchrotron and VIDO/InterVac).

“We will continue to use our proactive and prudent planning processes to manage our costs within our available operating funding, in a manner that is sustainable long-term,” said MacKinnon.

The University of Saskatchewan will now move forward with finalizing its budget. The Board of Governors will set 2010-11 tuition rates in April and will finalize the 2010-11 budget in May.

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For additional information, contact:

Patty Martin, University Communications
University of Saskatchewan
Telephone: (306) 966-6919