In 2017, Alberta’s net contribution to the federal government was $21.8 billion and Ontario’s was $16.6 billion.
The Ford government tables its budget next week.
A nominal total spending freeze would mean annual reductions in inflation-adjusted per-person spending of about three per cent.
Between 2008 and 2016, 98.6 per cent of all net job-creation in Ontario took place in Toronto and Ottawa.
Despite Premier Ford’s rhetoric, government spending in Ontario will still be up markedly this year.
Ontario’s top combined marginal personal tax rate is 53.53 per cent.
If the government exercises spending restraint, it can eliminate Ontario’s $15 billion deficit in roughly three years.
A nominal spending freeze could free up approximately $20 billion.
Ontario once benefitted from some of the lowest power prices on the continent—not now.