As students of U of T and members of the UTSU, we’re taking steps to be more transparent with our operations and budgets, so students can have a better understanding of how the UTSU plays a role in student life.
At the June 27, 2021 Board of Directors meeting, members and attendees discussed approving the 2021-2022 preliminary budget. The UTSU is shifting the budget to be more student-focused, with clearer emphasis on how each budget item benefits students on campus, including finding ways to lower costs while still providing and expanding on services for students.
For the 2021-2022 preliminary budget, the majority of the UTSU’s revenue is from student levies. Along with student levies, the UTSU’s revenue budget includes corporate and charitable grants, as well as a specific fund for the opening of the new Student Commons building.
For this budget year, the UTSU has expanded the Student Aid program, budgeting $162,000 to provide bursaries and financial aid to students in need. This includes bursaries for health and wellness, textbooks and more.
As well as the Student Aid program, the UTSU has budgeted $15,000 in food support programming for students, something especially needed as many face food insecurity due to the pandemic.
The UTSU has also budgeted $120,000 in clubs funding this year, with the understanding that the social aspect of clubs will be more important than ever as students transition back into campus and student life and hope to rebuild social circles after months of isolation.
See the full preliminary budget here.
Got questions? Email VP Operations at vpoperations@utsu.ca.
