In June 2026 the Toronto District School Board, the Toronto Catholic District School Board, the Ottawa‑Carleton District School Board and the Dufferin‑Peel Catholic District School Board each announced that their current budget shortfalls are larger than those reported a year earlier. The four boards released the figures as part of their regular financial reporting cycle.
The boards are operating under provincial supervision that began in June 2025. At that time the provincial government appointed supervisors to each board, a move overseen by Paul Calandra. The supervisors were tasked with overseeing governance and financial management while the boards work to address ongoing challenges.
The latest financial statements show that each board’s deficit has grown since the previous reporting period. While the exact amounts were not disclosed in the supplied facts, the boards confirmed that the gaps between projected revenues and expenditures have widened. The reports indicate that the increased shortfalls are being examined in the context of the supervisory arrangements that have been in place for the past twelve months.
The appointment of supervisors followed concerns raised by the province about the governance and fiscal health of the four boards. By placing overseers on the boards, the government aimed to provide additional oversight and guidance. The recent deficit disclosures suggest that the boards continue to face financial pressures despite the supervisory framework.
Board officials said they will continue to collaborate with the appointed supervisors to develop strategies for stabilising their finances. The provincial government has not released further commentary on the latest deficit figures, and no additional actions have been announced as of the June 2026 reporting date.