This report provides an assessment of the Ministry of Education’s 2019-20 Expenditure Estimates to support the Standing Committee on Estimates in its annual review of ministries’ Expenditure Estimates.
This report assesses the Ontario government’s new Childcare Access and Relief from Expenses (CARE) tax credit including the impact on the Province’s budget balance, the financial benefits it will provide to households, and its potential impact on Ontario’s labour market and broader economy.
The funding that the Government of Ontario provides for postsecondary education (PSE) doubled between 1998-99 and 2014-15, from $3.1billion in 1998-99 to $6.3 billion in 2014-15. However, Provincial funding has declined as a share of the revenue of PSE institutions, as a result of relatively stronger growth in revenues from tuition, fees and other private sources.
Universities receive the largest share of the funding to the PSE sector. That share has declined over the last decade, from 65 per cent in 2005-06 to 59 per cent in 2014-15. On the other hand, the share of Provincial funding that goes to colleges and students has increased over this period. Despite the considerable increase in Provincial PSE funding, funding per student only increased by 31 per cent between 1998-99 and 2014-15, reflecting a growing number of students.