Yesterday, the Liberals presented a $133.9-billion budget plan with a $5.7 billion deficit.
Some highlights include:
- Ontario’s net debt will hit $308 billion in 2016-17.
- Gasoline prices increased by 4.3 cents
- $1.9 billion expected in new revenue from cap-and-trade plan
- Hospitals will get up to $345 million in funding (first in 5 years), and $12 billion over 10 years in capital grants for several major hospital projects
- University and college tuition will be free for students from families with incomes of $50,000 or less
- The $30 fee for Drive Clean Emissions tests will be eliminated in 2017-18, but not the tests themselves.
- Natural gas will cost an additional ~$5/month
- Tax increase of $3/carton of 200 cigarettes, 10 cent increase (and growing) on wine bottles
- Shingles vaccines for seniors (originally $170) will be free.
- $333 million over five years going towards improving autism services
How do you feel about the new budget?
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