The goal is to become wealthier still. But that is not how things are working out. Faculty and librarians also lost a full year of PTR increments. Morale is low in most quarters. The academic life spirit of the University is being sucked dry.
Many staff see early retirement as their most attractive future.
This is a sad state of affairs. Tuition will be the highest in Canada. The Uof T will be Canada's most highly privatized university. However, even on the backs of employees and taxpayers, the administration cannot accumulate the type of wealth required to make the University totally immune to cuts in government grants. The administration wants us to take pay cuts and below-inflation compensation until at least the year 2000.