NEWS RELEASE

Catholic School Boards Welcome New Funding Announcement

FOR IMMEDIATE RELEASE

TORONTO (August 14, 2007) —“This is a good news story for our boards,” said Bernard Murray, President of the Ontario Catholic School Trustees’ Association (OCSTA) reacting to Premier Dalton McGuinty’s announcement today of an additional investment of $182 million in Ontario’s elementary and secondary schools for 2007-2008 and an additional $127 million in 2008-2009.

This announcement will relieve funding pressure in a wide variety of areas, particularly where the funding benchmarks have not kept up with the board’s real costs. “Our boards have identified those areas of under funding that have impacted their organization and we together have advocated to the government to address these areas,” said Murray. “We are grateful to the Minister of Education for hearing and addressing our individual and collective concerns and for providing more flexibility for boards to address their local issues.”

OCSTA believes that these announcements will improve the current funding model which is structurally sound but inadequately funded. The Association will be an active participant in the review of the funding formula announced today and which is expected to conclude by 2010.

The Ontario Catholic School Trustees’ Association is the provincial voice for Catholic education. Founded in 1930, OCSTA represents Catholic school boards that collectively educate more than 600,000 students in Ontario, from Junior Kindergarten to Grade 12.