Trustees approved the 2024-2025 school year budget at the June 12, 2024, Special Board Meeting.
Trustees received a balanced budget that meets our legislative requirement with:
- Operating revenues of $893.3M
- A capital budget of $91.4M
The Waterloo Region District School Board (WRDSB) Financial Services team worked diligently with all departments to create the 2024-25 budget. They analyzed spending trends and made adjustments where necessary. This will ensure financial stability while we work towards achieving our operational goals.
"It takes many months of hard work by the dedicated staff in our Business Services department to prepare the budget for the WRDSB. I want to express my gratitude to them for ensuring we are able to approve a budget that meets provincial requirements, and allows us to support students in achieving their full potential on their learning journey. I also want to thank educators and service staff, along with senior leadership for the work you will do to implement the programs supported by this budget. Thank you for ensuring that student learning needs and well being are at the heart of your work."
- Joanne Weston, Chairperson of the Board of Trustees
"I am proud of the work our Business Services team has done to present a balanced budget while maintaining supports for literacy, math, staff and student well-being. Their efforts will help us to ensure that we can continue to offer the excellence in education that families have come to expect from WRDSB schools, with the resources provided by the Ministry of Education. I want to express my thanks to the Board of Trustees for their leadership and approval of this budget."
- Nick Landry, Superintendent of Business Services and Treasurer
The WRDSB's budget is more than just numbers - it represents staff and facilities that support the academic success and well-being of our students each day. The WRDSB has been prudent and fiscally responsible in its spending for several years. Much like individual households and businesses, school boards (including the WRDSB) are experiencing the impact of inflation and increasing costs for operations. Without additional provincial funding to support the increased costs, school boards are forced to make difficult spending decisions.
It is the sole responsibility of Trustees to approve the annual operating budget and it is the responsibility of staff to oversee and monitor day-to-day spending within the budget framework. Trustees play a key role in the budget process, ensuring that funding is aligned with the WRDSB's strategic priorities and legislative requirements.
Visit the Board Meeting website for the Meeting Agendas and Minutes, as well as the link to join the Live Stream.
