Agenda Package: Planning and Budget Committee - February 11, 2026

To listen to the meeting, please click on the link: https://www.youtube.com/live/PVpeWL6Inzk

AGenda

WEDNESDAY, FEBRUARY 11, 2026

Pursuant to section 38 of By-Law Number 2,
consideration of items 13 and 14 will take place in camera.

OPEN SESSION

1. Chair’s Remarks
2. Assessors’ Reports
3. Budget Report 2026-2027 and the Long Range Budget Guidelines 2026-27 to 2030-31 (Presentation) (for recommendation)*     
   
   Be It Recommended:
   
   THAT the Budget Report 2026-27 be approved, and
   
   THAT the Long Range Budget Guidelines 2026-2027 to 2030-31 be approved in principle.
4. Enrolment Report, 2025-26 (for information)*
5. Capital Project (Level 3): Report of the Project Planning Committee for the Temerty Building (MSB West Wing Redevelopment) – Interim Project Scope and Sources of Funding (Presentation) (for recommendation)*
   
   Be It Recommended:
   
   THAT the Report of the Project Planning Committee for the University of Toronto Temerty Building (MSB West Wing Redevelopment), dated September 10, 2025, be approved in principle; and 
    
   THAT the Interim Project Scope as outlined in the Report of the Project Planning Committee for the University of Toronto Temerty Building (MSB West Wing Redevelopment), be approved in principle, to be funded by the Temerty Faculty of Medicine “Temerty MSB Redevelopment Fund”, the Faculty of Arts & Science “Faculty Major Capital Projects Reserve Fund”, Institutional and Facilities & Services Interim funding. 
6. Capital Project (Level 3): University of Toronto Facilities & Services Project Concept Report for the Climate Positive Campus – Project LEAP 2.0 - Project Scope and Sources of Funding (Presentation) (for recommendation)*
   
   Be It Recommended:
   
   THAT the project scope of Project Leap 2.0, as identified in the Concept Reports (Faculty of Dentistry, March 19, 2023; McCaul Complex – July 8, 2022; 500 University – April 8, 2022) be approved in principle; and,
   
   THAT the project be approved in principle to be funded through: Deferred Maintenance Funds.
7. Academic Plan: Faculty of Applied Science and Engineering (Presentation) (for information and feedback)*

CONSENT AGENDA

8. Annual Report: Approved Endowed and Limited Chairs, Professorships, Distinguished Scholars and Program Initiatives, 2024-2025 (for information)*
9. Report of the Previous Meeting: Report Number 218– September 18, 2025 (for approval)*
10. Business Arising from the Report of the Previous Meeting

11. Date of Next Meeting – March 25, 2026, 3:10 – 5:10 p.m.
12. Other Business

IN CAMERA SESSION
 

13. Capital Project (Level 3): Report of the Project Planning Committee for the Temerty Building (MSB West Wing Redevelopment) – Interim Total Project Cost and Sources of Funding (for recommendation)+
14. Capital Project (Level 3): University of Toronto Facilities & Services Project Concept Report for the Climate Positive Campus - Project LEAP 2.0 - Total Project Cost and Sources of Funding (for recommendation)+

*Documentation is attached.
**Documentation for consent item included. This item will be given individual consideration by the Committee only if a member so requests. Members with questions or who would like the consent item to be discussed by the Committee are invited to notify the Secretary, Ms. Tracey Gameiro, at least 24 hours in advance of the meeting by telephone at 416-978-8425 or by email at tracey.gameiro@utoronto.ca. 
​***Documentation is to follow  
 
+Confidential documentation is attached for members only.