Ontario Budget delivers for Scarborough-Guildwood
Budget Building Opportunity Now, Securing Our Future
Today at Queen's Park, the government tabled its 2014 Budget, Building Opportunity, Securing our Future. Premier Kathleen Wynne and the Ontario government are proposing a 10-year plan for the economy focused on a fair society, investing in people, building modern infrastructure, and supporting a dynamic and innovative business climate.
“Since being elected last August I have been a strong voice for Scarborough-Guildwood” said MPP Mitzie Hunter. “Not only are there results for our community today, but a 10-year plan for our economy for tomorrow. This is a Budget that is compassionate while making Ontario competitive in the global economy.”
The Budget has key investments for Scarborough-Guildwood:
- Nearly $1.5 billion for the expansion of the Bloor-Danforth subway to Scarborough
- Full Day Kindergarten available in all schools in Scarborough by Fall 2014
- $810 million to support those with developmental disabilities
“Only Premier Kathleen Wynne and the Ontario government have the right plan to create jobs, invest in transportation and infrastructure, and secure Ontarians’ retirement” Hunter said.
Highlights of the plan include:
Ontario’s economy is continuing to grow and create jobs, despite a challenging global economic environment. The Ontario Liberal plan will provide Ontarians with opportunities for today and tomorrow, including:
- Establishing a new 10-year, $2.5 billion Jobs and Prosperity Fund that will help Ontario attract business investments, strengthen Ontario’s strategic sectors and support the province’s future economic growth.
- Investing $295 million over two years for the highly successful Ontario Youth Jobs Strategy, which gives young people the opportunity to gain a foothold in the job market. The strategy has already helped over 10,000 young people get work experience and find jobs.
- Helping businesses manage electricity costs with a tailored conservation program that helps small businesses and entrepreneurs ease their energy bills.
Transportation and Infrastructure
To meet the province’s growing transportation and infrastructure needs, the 10-year plan proposes over $130 billion in investments to create jobs now, spur productivity and help the province grow and prosper, including:
- Dedicating nearly $29 billion for transportation infrastructure, public transit and other priority infrastructure projects — $15 billion for the Greater Toronto and Hamilton Area (GTHA) for express GO service.
- Providing more than $11 billion for elementary and secondary education infrastructure.
- Investing over $11.4 billion in major hospital expansion and redevelopment projects.
Securing Ontarians’ Future
The Ontario Retirement Pension Plan (ORPP) would build on the Canada Pension Plan (CPP), and initially cover more than three million working Ontarians. It would require equal contributions shared between employers and employees, and could roughly double the retirement benefit received under the CPP alone.
The government will continue to manage growth in spending and will balance the budget by 2017–18, while making strategic investments in key public services and to help grow the economy.
The 2014 Ontario Budget lays out a plan for a strong Ontario, with more jobs, more opportunity and a more secure future. It will build opportunities for today and tomorrow.
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