The upcoming 2018 budget will send a clear signal about the Wynne government’s direction.
ontario government spending
Ontario's top personal income tax rate is 53.5 per cent.
Next year Ontario’s debt burden per person is projected to surpass Quebec’s.
Ontario’s net debt will rise to a projected $336 billion.
Ontario’s electricity prices increased 71 per cent from 2008 to 2016.
If Toronto’s housing market continues to cool there would be substantial negative implications for provincial revenues.
The Wynne government’s fiscal plan calls for an average of $11.8 billion annually in new debt between now and 2019/20.
By restraining the growth in program spending, Quebec balanced it’s operating budget.
Provincial Finance Minister Charles Sousa tells an upbeat story about a booming Ontario, but reality is more complicated. The province’s finances remain a mess.