A low dollar and increased exports are wind in Ontario’s economic sails. For now.
April 23: Ontario will announce its budget today. Plus, tallying costs, from the Petrobras scandal to building digital empires
The likely revenue from new taxes on high-income earners will barely cover two days of health care spending
As expected, Ontario’s governing Liberals tabled a budget yesterday afternoon that will ask tough concessions from public servants. The Toronto Star reports that Premier Dalton McGuinty’s budget proposed to freeze wages for 1.2 million public servants:
As Liberal Premier Dalton McGuinty unveals the provincial budget today, public sector workers face major adjustments, reports the Globe and Mail: “Public-sector employees in Ontario will have to make higher contributions to their pension plans, have their benefits cut or work longer before they can collect retirement pay.”
Many profs and admins in top one per cent
Nearly a third of his suggested cuts concern healthcare
Single sales tax plan is the government’s only major showstopper