Welcome To
Acadia Broadcasting NewsThe Latest and Greatest ContentYour Trusted Local Source


Spring Budget Reintroduced

By Randy Thoms Aug 10, 2022 | 10:02 AM

The PC government has brought forward the budget it first laid out before the June election.

It’s basically the same document with a few tweaks.

The government has identified an increase of $1.1 billion resulting from higher than expected tax revenue.

Finance Minister Peter Bethlenfalvy says it will be applied to reducing the deficit, now pegged at $18.8 billion.

“(It’s the) prudent thing to do given the economic uncertainty, given the investments that we’re making to protect people, to build our critical infrastructure, support human resources, to support workers and make sure they have the skills and training for the infrastructure that we’re building,” says Bethlenfalvy.

There is also a 5 per cent increase to Ontario Disability Support Program rates. Further increases will be done based on inflation. The current rate is nearing 9 per cent.

The increase amounts to an increase of $58 a month.

Bethlenfalvy side-stepped reporters’ questions afterwards that asked if could live on the amount of money that ODSP recipients get, amounting to about $1,200 each month.

“The question is what can we do for the people of Ontario that are the most vulnerable. This is a step in the right direction, and this is a direction of adjusting it to inflation, in addition to the multiple programs and services that we have to support the most vulnerable,” says the Finance Minister.

Parents with school-aged children will be getting some money.

The province is setting aside $225 million, which Bethlenfalvy says will help parents get tutoring support for children who struggled because of online learning over the last two years.

It is on top of $175 million earmarked for school boards for similar purposes announced earlier this year.

“This is in addition to that, so that parents who know their children best can provide the tutoring type support and in the areas that they need,” says Bethlenfalvy.

Details of how the province will roll out the money are to be revealed at a later date.

Debate on the budget is taking place today.



Leave a Reply