My question is to the Premier. Yesterday’s budget showed that this government’s completely inadequate funding for post-secondary education, coupled with a 50% decrease in international study permits, will mean a $1.4-billion revenue loss for colleges in 2024-25 and an additional $1.7-billion revenue loss in 2025-26.

Not only that, the government’s inadequate funding ends after three years, which will mean even deeper losses for colleges and universities down the road. Why is this Premier choosing not to increase post-secondary operating grants and deliberately allowing colleges to fail?

Why did this budget not include the permanent, significant increase in operating grants that would move Ontario out of last place in the country in per-student funding and that is desperately needed to keep the sector afloat?

Interjections.

My question is to the Premier. Since this government came to office, the post-secondary sector has seen a 12% decline in operating grants. Per-student funding now accounts for less than one third of university operating revenues—by far the lowest in Canada—while the need for investment in student mental health, housing and other supports has never been greater.

Last week, the Council of Ontario Universities released a report on the extensive efforts already being made by the sector to find efficiencies and cost savings. Speaker, how can this government possibly think that the funding crisis they created can be magically solved by universities just finding more efficiencies?

At the same time, Ontario university tuition fees remain among the highest in Canada. Students should not have to make up for this government’s failure to properly fund universities, especially during an affordability crisis.

Will this government commit today to a sustainability plan for the sector that increases operating grants without increasing student tuition?