Ontario's net debt is set to hit $354 billion this year.
The Canada Health Transfer will eclipse $40 billion this year.
Ontario has the second-highest top combined provincial/federal marginal income tax rate in North America.
Neither the McGuinty or Wynne governments balanced the budget.
This year’s budget shortfall is projected to eclipse $14 billion.
If Queen’s Park reduces spending by $5 billion, it could eliminate two-thirds of the provincial deficit.