SoVote

Decentralized Democracy

It is always a pleasure to rise in the House to talk about the important things the government is doing.

Speaker, the only thing certain in the life of an MPP is the uncertainty. Last week, when I had the opportunity to talk about the budget, I wasn’t even sure that I was going to be doing the same thing today. Thanks to the Premier and thanks to the confidence of the minister, I am now in the Ministry of Finance. So all I would say is that uncertainty is the only certain thing that we have.

As I rise to speak on second reading, I want to acknowledge the hard work of the Minister of Finance, what he has done along with his two wonderful PAs, the MPP from Oakville and the MPP from Bruce–Grey–Owen Sound. I was with them on the committee as well, and I’ve seen the hard work they have put into this budget bill. So I want to acknowledge and thank both of them for their hard work.

I see my former Mississauga–Malton resident and now a councillor in Bruce–Grey–Owen Sound; Monica is here, as well. It’s good to see you here, Monica, as we talk about the 2024 budget.

The measures that are contained in this bill to deliver strength to the province of Ontario—we call it our plan to build.

Speaker, I would like to spend a few minutes to put the spotlight on notable initiatives contained in this budget, Building a Better Ontario Act (Budget Measures), 2024. These are important measures that each, in their own way, support and help move forward our work as a government.

We all know affordability is an issue. We all know about the federal carbon tax and the pressure it is putting on the people of Ontario. Thankfully, we have a government that believes in the people of Ontario. We’re standing shoulder to shoulder with the people of Ontario to support them in these crises.

One of the most impactful decisions that our government has made which affects the day-to-day life of all Ontarians is the decision to reduce the gas price. We’re introducing proposed legislation that, if passed, would extend existing the gasoline and fuel tax reduction until December 31, 2024. With this extension, we are continuing to keep costs down for families and businesses. As the members of this House are aware, the Ontario government temporarily reduced the gasoline tax by 5.7 cents per litre and the fuel tax by 5.3 cents per litre, for diesel, from July 1, 2022, and it was supposed to be finishing up on June 30, 2024. Thanks to this budget, with this newly announced extension, we will make sure that the rates remain at nine cents per litre until December 31, 2024, saving Ontario households $320, on average, over the two and a half years since the tax rate cuts were first introduced.

As the minister said when this proposed extension was unveiled in Mississauga–Lakeshore, our government understands that high inflation and interest rates are hurting Ontario workers and their hard-earned paycheques, and we will be standing shoulder to shoulder with them, continuing to support Ontario families by reducing the cost of gas.

Another thing which I get amazed with is film production. I’m sure many of our colleagues know that we, as Hollywood North, produce close to $3 billion in film production. And that film production is not just content, but it’s an economic powerhouse; it brings in the revolutions. It gives residents the ability to showcase their talent. Under the leadership of Premier Ford, we support film production, and we’re not just saying it, but we’re doing things. For example, we are making sure the Ontario Computer Animation and Special Effects Tax Credit is simplified. The Ontario Computer Animation and Special Effects Tax Credit, or OCASE for short, is an 18% refundable tax credit available to companies that undertake computer animation and special effects activities on eligible film and television productions in Ontario.

Speaker, if you remember, when we were growing up, Bambi was the first animation movie that we watched—and I do know how much it affects and how much pleasure it gives to our youth and now, in fact, even adults. So this is what we’re doing here again.

To be eligible for this tax credit, a film or television production must also be certified for either the Ontario Film and Television Tax Credit or the Ontario Production Services Tax Credit—something we call “tethering” to these other film and television tax credits. The budget measures bill proposes to remove this tethering requirement and seeks to replace it with new eligibility rules to ensure the credit continues to only support professional productions. In other words, we are making sure that we are delivering on the government’s commitment to explore opportunities to reduce red tape, simplify tax credit support for computer animation and special effects activities, so that we can see a lot more production, a lot more economic activities.

This budget is full of wonderful things to support the province and the people of the province; for example, supporting our workers.

Madam Speaker, I remember when my father retired, after all his hard work for over 35 years working in a government job. It gave him pleasure to do things which he wanted to do now that he had some time. On one side, he had time, but on the other side, he was worried about the cost of living, his expenses and the compensation. And he’s not alone. After working hard, we want to make sure that we can continue to have a lifestyle that we have built over years.

This is the way our government is making sure we help those workers who helped us to build a greater, stronger Ontario.

We’re making progress concerning Ontario’s pension plan landscape. We’re working to implement a permanent target-benefit framework. If you’re a worker, if you’re in the industry, please join our hands—help us to build this.

Following consultations over the past year, legislative amendments to the Pension Benefits Act are being proposed through the 2024 budget bill. These amendments would implement policy changes arising from the 2023 stakeholder consultations, as well as legislative housekeeping matters. We are currently preparing the regulations that would be necessary to implement the target-benefit framework which the government intends to come into effect on January 1, 2025.

Target-benefit pension plans will provide a monthly stream of income in retirement, with predictable contributions for employers. Implementation of a permanent target-benefit framework would pave the way for more employers to offer workplace pension plans, increasing the opportunities for workers to save for their retirement. This is yet another way we’re working for our Ontario workers.

In 2023, as we know, employment in Ontario increased by 2.5%—increases in both full-time and part-time. Under the previous Liberal-NDP government, we saw 300,000 jobs going out of manufacturing. Since 2018, there are 700,000 more people working in the province of Ontario—helping, contributing and building Ontario.

Interjections.

1215 words
  • Hear!
  • Rabble!
  • star_border
  • Hear!
  • Rabble!
  • star_border

It’s with great pleasure that I rise today and speak on the second reading of Bill 180, Building a Better Ontario Act, following the minister.

Thank you to the Minister of Finance for sharing his time with myself and the member from Mississauga–Malton, the new parliamentary assistant. It has been an honour to work with the minister and his team on the 2024 budget.

Speaker, I also want to take this opportunity to thank the previous parliamentary assistant, the member from Bruce–Grey–Owen Sound, for all his valuable support in working on the budget.

Let me begin by saying I’m very confident in the Ontario government’s vision for our economy. We are investing in vital public services and in infrastructure to get more homes built faster, to attract high-quality, high-paying jobs, and to keep costs down for families and businesses, all while retaining a path to balance and all during a period when Ontario, like the rest of the world, continues to face economic challenges and uncertainty.

I’d like to take a few minutes to expand on some of the economic proof points of the times we find ourselves in, as shown in the 2024 budget. As detailed there, high interest rates are expected to continue negatively impacting Ontario’s economy in 2024.

The outlook for real GDP growth in 2024 has deteriorated significantly over the last year. The budget also shows that following estimated real GDP growth of 1.2% in 2023, growth is projected to be at 0.3% for 2024; this is down from 1.3% at the time of the 2023 budget and 0.5% at the time of the 2023 economic outlook and fiscal review. Real GDP growth is projected to then increase to 1.9% in 2025 and further rise 2.2% in 2026 and 2027. This also represents slower projected growth compared to the 2023 budget and the 2023 economic outlook and fiscal review. Bear in mind, for the purposes of prudent fiscal planning, the Ministry of Finance projections are slightly below the average of private sector forecasts.

Meanwhile, employment in the province is projected to rise by 0.8% in 2024, slowing from a 2.4% increase in 2023. A positive is that the unemployment rate over the outlook period is projected to remain below the recent historical average.

Geopolitical developments are key economic factors and continue to pose a significant risk to Ontario’s economic outlook. For example, commodity markets and supply chains continue to be impacted by these global events.

A final key piece to this macroeconomic picture is that rising tensions are continuing to weigh on international trade and goods and services, which could impact Ontario’s key trading relationships around the world and here in North America. These geopolitical risks and possibilities are outside the power of provincial governments to influence, even if they may have ramifications on the provincial government.

For 2023-24, the government is projecting a deficit of approximately $3 billion. As part of our path to balance, the government is projecting deficits of $9.8 billion in 2024-25 and $4.6 billion in 2025-26, before reaching a surplus of $0.5 billion in 2026-27. So we do have a path to balance.

Speaker, to paraphrase the minister, we are not letting these things divert from our plan to build Ontario. Many of our 2024 budget initiatives are focused on health care. A marquee piece the minister revealed is how we are establishing the first medical school in Canada that is primarily focused on training family doctors right here in the GTA, at York University.

Just as we need more family doctors, we also need more nurses, which is why we are investing $128 million over three years to support sustained enrolment increases of nursing spaces at publicly assisted colleges and universities by 2,000 registered nurse seats and 1,000 registered practical nurse seats.

We are helping more people access convenient health care by investing an additional $965 million in hospital operating funding in 2024-25. This is a 4% increase in total base hospital operations for an unprecedented second year in a row.

We are connecting approximately 600,000 more people to primary health care through new and expanded interprofessional primary care teams with a total additional investment of $546 million over three years, starting in 2024-25.

We are investing an additional $2 billion in the home and community sector to support expansion and increase compensation for front-line workers, because strengthening and growing the health care workforce is critical to both our health care and our economy. That is why we are investing $743 million over three years to help address immediate health care staffing needs and prepare for the future.

We are also adding more health care workers in underserviced communities, with more than $30 million in funding injected to date through the expanded Ontario Learn and Stay Grant program. The grant provides full, upfront funding for tuition, books and other educational costs. The grant is for students who enrol in an eligible nursing, paramedic or medical laboratory technologist program, in return for working in these communities where they studied for a term of service after graduation. The Ontario Learn and Stay Grant program demonstrates how committed we are to building a stronger, more resilient health care workforce in underserved communities in northern, eastern and southwestern Ontario.

Speaker, I want to share how we are building on the historic investment of $3.8 billion over 10 years—this investment is for mental health and addictions services, as part of the Roadmap to Wellness: A Plan to Build Ontario’s Mental Health and Addictions System strategy, by investing $396 million over three years. These funds will go to stabilizing, improving access and expanding existing mental health and addictions services and programs.

We know we need to support individuals facing unstable housing conditions and dealing with mental health and addictions challenges. This is the reason why we are investing an additional $152 million over the next three years towards various supportive housing initiatives designed to support vulnerable people.

Speaker, rising costs have, no doubt, impacted household budgets, and there are no two ways about that.

The government continues to help Ontario’s most vulnerable, including individuals living with mental health and addictions challenges who are experiencing unstable housing conditions, and low-income seniors.

We are ensuring that more seniors who need to get the help they need get it by expanding the Ontario Guaranteed Annual Income System, commonly known as GAINS, and indexing the GAINS benefit to inflation. This change is monumental and will provide financial support to approximately 100,000 additional low-income seniors.

This isn’t the only way we are helping people who may be seeing great strains on their family budgets. For example, we are making electricity more affordable for thousands of additional, low-income families. We are increasing income eligibility thresholds for the Ontario Electricity Support Program up to 35% as of March 1, 2024.

We are helping to provide savings, daily, for riders on participating public transit systems through the One Fare program—savings that average $1,600 per year. The program works by allowing transit riders to only pay once to transfer between GO Transit, the TTC and other participating transit systems in the GTA.

Speaking of GO Transit, we are continuing to work to expand or improve GO Transit, in improving stations and other installations on the Kitchener GO line to enable two-way, all-day service. We are increasing train service between Union Station and the Niagara region, with more express service between Hamilton, Burlington and Toronto.

Our government is also helping drivers; make no mistake, Speaker. In addition to the proposed extending of the existing gasoline and fuel tax rate cuts until December 31, 2024, we are keeping costs down for drivers by proposing to ban any new tolls on new and existing provincial highways and freezing fees on drivers’ licences and Ontario photo cards. These initiatives, when their savings are totalled, will save drivers an estimated $66 million over the next five years.

I can add that in alignment with previous budget commitments, the government is moving forward with auto insurance reforms that would empower Ontario drivers with more affordable options, improved access to benefits, and create a more modern system. As noted in the 2024 budget, implementation of the proposed changes will be done in a way to help ensure that drivers are able to make informed decisions when choosing insurance coverage options that are available to them.

While we are speaking to the needs of Ontario car owners, let me add that we are fighting auto theft with a plan that includes $49 million over three years to help police put auto thieves behind bars. As well, over three years, we are investing $46 million to improve community safety in the greater Toronto area by supporting increased patrols and faster response times to major incidents and serious crimes. This is for the purchase of four police helicopters.

Community safety is absolutely essential. Having and using a reliable car and good mass transit systems are also essential in today’s age.

Having a place to live is, of course, a priority in everybody’s life. A priority of this government is fighting market speculation that may be contributing to people having challenges in finding a place to call home. That is why we are deterring foreign investors from speculating on the province’s housing market by strengthening Ontario’s non-resident speculation tax, the most comprehensive tax of its kind in Canada, with amendments to support compliance and improve fairness.

Education is also, of course, a priority of this government. That is why we are getting students back to basics with close to $172 million for the 2024-25 school year for targeted math and reading supports. As well, an updated kindergarten curriculum is starting in September 2025.

I would be remiss if I didn’t also spotlight a few initiatives related to children and families. For example, the government is increasing the investment in the Ontario Autism Program by $120 million in 2024-25, which will double the increase provided in 2023-24.

We are also providing an additional $13.5 million over three years, on top of existing investments of $1.4 billion over four years, to enhance initiatives that support women, children, youth and others who are at increased risk of violence or exploitation, including an additional $4.5 million over three years for the Victim Quick Response Program+, to increase access to necessities for victims of human trafficking and gender-based violence and their families, especially those in rural and northern communities.

To help young people access mental health services close to home, our government is investing $8.3 million over three years to add five new youth wellness hubs, bringing the total to 32.

Since 2020, the province has established 22 youth wellness hubs which have helped connect over 43,000 youth and their families to mental health and wellness services, accounting for over 168,000 visits. Five more hubs are in the planning stages, set for Port Hope, Thunder Bay, Oxford county, Vaughan, and Brampton. A west Toronto location opened just last January.

Speaker, the Building a Better Ontario Act (Budget Measures), 2024, contains many initiatives that move our plan forward. Of course, it contains the gas and fuel tax I discussed a few moments ago. They include measures relating to the Building Ontario Fund, the taxation of computer animation and special effects productions in the entertainment industry, the taxation of wine, and other measures that impact the pension plan landscape. The measures also propose minor legislative amendments to clarify or improve administrative effectiveness or enforcement or to maintain the integrity and effectiveness of various statutes administered by the Ontario Minister of Finance.

As I conclude my remarks today, let me just say that our government is proud of all it has accomplished, yet we know there remains much more work to be done. In the face of high interest rates and global economic uncertainty, our government is working very hard to keep costs down, to rebuild Ontario so that families, businesses and municipalities that all call Ontario home can prosper. We are on track to make sure Ontario is once again the economic engine of Canada. Most importantly, we will do this while we continue to be prudent and have a responsible approach and retain a path to a balanced budget.

I encourage all members to vote in favour of this bill, Building a Better Ontario Act (Budget Measures), 2024.

I’d now like to pass my time over to my colleague the member from Mississauga–Malton and the parliamentary assistant to the Minister of Finance.

2144 words
  • Hear!
  • Rabble!
  • star_border
  • Hear!
  • Rabble!
  • star_border
  • Hear!
  • Rabble!
  • star_border
  • Hear!
  • Rabble!
  • star_border

I know. It brings a tear to my eye, too.

That’s why our government is delivering on the most ambitious plan for hospital expansion in the province’s history, with investments of nearly $50 billion—yes, you heard correctly, $50 billion—over the next 10 years in health infrastructure, including close to $36 billion in capital grants.

Additionally, we are committing $620 million over 10 years to allow health care system partners to address urgent infrastructure renewal needs and extend the life of hospital and community infrastructure. As well, we are investing $50 million over three years to enhance and stabilize health care capacity within northern and rural communities and $45 million over three years to enhance the Northern Health Travel Grant Program.

Interjections.

We are investing approximately $94 million over three years to enhance the health and well-being of Indigenous and northern communities, with care tailored to community needs.

Interjections.

Despite a challenging global economic situation, our government continues to invest in care, education and other vital public services.

That is why we’ve continued to invest $6.4 billion since 2019 to build 58,000 new or upgraded long-term-care beds across the province by 2028. In addition, our government is investing $155 million in 2024-25 to increase funding to fast-track construction of the next tranche of long-term-care homes by November 30, 2024.

I know this will be of particular interest to certain members in this House present: We continue building, expanding and renewing schools and child care spaces by investing $23 billion over 10 years, including about $16 billion in capital grants—

While on the topic of schools, I will add that we’re getting students back to basics, with close to $172 million for the 2024-25 school year for targeted math and reading supports, as well as an updated kindergarten curriculum starting in September 2025.

We’re also supporting small, northern and rural colleges and northern universities by providing $10 million in targeted supports.

Madam Speaker, our government knows that keeping active and having access to recreational opportunities is vital to any thriving community. That’s why we are launching a new $200-million Community Sport and Recreation Infrastructure Fund—

We remain committed to creating good-paying jobs and fostering business investments that will deliver tomorrow’s economic success today.

To help attract investments and new jobs in key sectors such as advanced manufacturing, life sciences and technology, our 2024 budget allocates an additional $100 million to the Invest Ontario Fund, for a total of $600 million.

Speaking of manufacturing and technology, we’re boosting the growth of Ontario’s end-to-end supply chain for electric vehicles and batteries. I’m proud to say that over the last three years, we have attracted more than $28 billion in automotive and EV-battery-related investments from global automotive manufacturers, parts suppliers and EV battery and materials manufacturers. These are investments that are expected to create more than 12,000 new, permanent jobs in addition to spurring economic growth. This will create jobs in all of Ontario. In fact, it will create jobs in Windsor. It will create jobs—

Interjection.

It will create jobs in Kitchener-Waterloo and southwestern Ontario, in the north—right across this great province. These are the jobs of the future—jobs that will support our workers and their families for decades to come.

On a related point, as noted in our budget, in 2024, we are enabling an estimated $8 billion in cost savings and support for businesses, including $3.7 billion for small businesses. This will also help create jobs and economic growth

With this budget, we are supporting Ontario’s mining sector by investing an additional $15 million over three years in the Critical Minerals Innovation Fund. This will enhance research and development as well as the commercialization of innovators.

To add more on economic development, we are increasing the Northern Energy Advantage Program to help eligible large industrial operators manage the electricity costs and create good jobs in northern Ontario. These increases total $167 million in 2024-25 and $206 million annually in 2025-26 and 2026-27.

Madam Speaker, our government has always stood alongside our workers. Just as the Premier has said before, I’d be willing to bet on Ontario workers over those from anywhere else in the world. We continue to work for workers in this House day in and day out. That is why we are investing an additional $100 million, in 2024-25, in the Skills Development Fund Training Stream, and continue to implement the $224-million Skills Development Fund Capital Stream. We support workers, and we continue to develop Ontario’s world-class workforce, just as we are continuing to build on Ontario’s skilled trades pipeline.

We are investing an additional $16.5 million annually over the next three years through the skilled trades strategy to support a variety of programs that attract more young people into the skilled trades, some of whom are here today. This will help simplify the system and encourage employer participation in apprenticeships while continuing to provide more young people with meaningful, lifelong careers.

Madam Speaker, whether it is workers, patients, small businesses, drivers in gridlock or young families making ends meet—with this budget, our government remains on a path to build for the long term while keeping costs down. We are making investments now that will support our growing province well into the future. Our government is here to help this province overcome any challenge, invest responsibly and pave the way for our bright future.

And if you, too, believe that Ontario can continue being the best place in Canada and the world to go to school, get a job, build a life, buy a home and raise a family, then our government has a plan that will work for you.

Et si vous aussi croyez que l’Ontario peut continuer à être le meilleur endroit au Canada et au monde où étudier, avoir un emploi, bâtir sa vie, acheter un logement et élever une famille, alors, notre gouvernement a un plan qui est à l’oeuvre pour vous.

I urge all members of this Legislature to support these budget measures and join our government in building a better Ontario. This is a plan for all 16 million Ontarians and for many more who want to come to Ontario, as they look to Ontario to lead the way not just in Canada, not just in North America, but the whole world today.

1096 words
  • Hear!
  • Rabble!
  • star_border

I’m just checking to see who owns the land around there.

Interjections.

13 words
  • Hear!
  • Rabble!
  • star_border

Madam Speaker, some audience participation is always a good thing.

This program is going to help municipalities right across Ontario. That’s also why we’re increasing funding for housing-enabling municipal infrastructure, through the Housing-Enabling Water Systems Fund, to $825 million for municipal water infrastructure projects that would get more homes built faster.

Speaking of homes, we’re also addressing the housing supply crisis with the $1.2-billion Building Faster Fund that rewards municipalities that meet or exceed their housing targets.

Interjections.

For small, rural and northern communities that have not been assigned a housing target due to their unique needs and circumstances, our Building Faster Fund includes $120 million in funding to support their efforts, as well.

Madam Speaker, our government is also addressing housing supply and affordability by extending authority to all single- and upper-tier municipalities to impose a municipal tax on vacant homes.

We are making these investments and changes because we know that the best way to get more homes built faster is by supporting our municipal partners. No one understands the needs of their communities better than those municipalities. We are choosing to empower local governments to make the best choice for themselves, and they have our full support.

Speaker, a key part of our budget is our focus on highways and other critical transportation infrastructure. That is why we are tackling gridlock and saving commuters time by advancing critical highway projects like the new Highway 413 and the Bradford Bypass. In addition, we’re expanding existing in-demand highways, like Highway 401 and Highway 7, by supporting the construction of new interchanges at Banwell Road and E.C. Row Expressway in Windsor—

Interjections.

There is a member from Ottawa here—there are a couple here, but they seem to be preoccupied.

Madam Speaker, we’re supporting Highway 416 and Barnsdale Road in Ottawa, and I’m sure the member opposite will come to appreciate that one day.

We’re also improving roads and highways and bridges in communities right across Ontario.

We are witnessing the largest transit expansion anywhere in North America. It’s happening right here in Ontario. And it doesn’t stop there.

We are improving GO train and GO bus services, connecting light rail transit, advancing four priority subway projects in the GTA, and we’re bringing back—I know my member from North Bay would really be happy—the Northlander to restore passenger rail service to northern Ontario.

We are investing $1 billion to support all-season roads, high-speed Internet connectivity and community supports for the Ring of Fire region.

Our government isn’t only building roads and transit. Our growing population needs more in order to thrive and secure our successful future. That is why we’re continuing to build a robust health care system that puts people at the centre of care.

Interjection.

480 words
  • Hear!
  • Rabble!
  • star_border

Merci beaucoup, monsieur le Président, et au membre aussi, pour votre français. C’était fantastique.

I’ll be sharing my time with the member from Mississauga–Malton and the member from Oakville, who is here.

Today, I’m pleased to lead off second reading debate for the Building a Better Ontario Act (Budget Measures), 2024, which I recently introduced in this House. This budget and these budget measures demonstrate how we are delivering on our plan to build. It describes how we are building a better Ontario.

Ce budget et ces mesures budgétaires démontrent que nous réalisons notre plan pour bâtir. Il démontre les actions que nous prenons pour bâtir un Ontario meilleur.

This budget comes at a time when Ontario, like the rest of the world, continues to face economic uncertainty due to high interest rates, global instability and global economic pressures. These are challenges that are putting pressure on the province’s finances and putting pressure, as well, on families across Ontario.

Despite these pressures, we are continuing to deliver on our plan to build. It’s a plan that invests in infrastructure to get more homes built faster. It’s a plan to attract better jobs with bigger paycheques. And it’s a plan that keeps costs down for families and businesses, all while retaining a path to balance.

Madam Speaker, our government is taking a fiscally responsible approach by investing in Ontario’s economy without raising taxes, because we refuse to off-load the costs onto hard-working Ontario families and communities at a time where they’re counting on us to keep costs down. Make no mistake; they are counting on us in this House. As every member here understands, being counted on is a responsibility, a privilege and an honour.

This forward-looking document is a road map. It lays out the road ahead for public services and infrastructure as we continue to foster economic growth and job creation. It’s our vision for the future we want to see for our children and our grandchildren, and the future for all those who may one day come to call Ontario their home, much like my parents did many, many years ago.

With Ontario’s population expected to grow by millions in the coming years, we need a sound plan to meet the needs of our people, to have affordable homes and reliable highways, dependable municipal resources like water and playgrounds, good schools and a robust health care system—everything that one would need to live, to work, to do business and raise a family in Ontario.

This budget—and the actions contained in these measures being discussed today—maintains and improves upon our work to meet the demands of our growing population. It breaks new ground on the road towards our promising future, despite today’s high inflation, high interest rates and global economic uncertainty.

After all, there is no place in Canada or anywhere else in the world quite like Ontario, and no challenge is too large for us to overcome when we work together. There are likely few other jurisdictions anywhere else in the world seeing the kind of growth that Ontario is seeing today, and this growth signals that Ontario is seen as a place that is on the right course when it comes to our priorities.

Il n’existe pas beaucoup d’endroits ailleurs dans le monde qui connaissent l’ampleur de la croissance que vit l’Ontario aujourd’hui. Cette croissance indique que l’Ontario est considéré comme un endroit qui est sur la bonne voie en ce qui a trait à ses priorités.

That is why the budget is drafted with our priorities for the future in mind. This budget provides certainty to markets and, more importantly, confidence to the people of Ontario that the government is prepared for whatever lies ahead. While we don’t have a crystal ball and we don’t know what is going to happen tomorrow, we are confident that Ontario is ready for the challenges the world might throw our way.

Madam Speaker, as I mentioned, the 2024 budget and its measures are a road map, one that paints a clear picture of how bright Ontario’s future can be and how, despite a challenging economic situation, our government is rebuilding the economy by accelerating Ontario’s plan to build, the most ambitious capital plan in the province’s history. This investment of more than $190 billion over the next 10 years to build and expand highways, transit, homes, high-speed Internet and other critical infrastructure is promoting our economic growth.

More often than not, fostering growth means supporting our municipalities. That is why we are also increasing funding for housing-enabling municipal infrastructure by investing $1 billion in the new Municipal Housing Infrastructure Program.

Interjections.

804 words
  • Hear!
  • Rabble!
  • star_border

I recognize the Minister of Finance to lead off the debate.

11 words
  • Hear!
  • Rabble!
  • star_border
  • Hear!
  • Rabble!
  • star_border

I thought you’d never ask, Mr. Speaker, so let me—no. I think I already have, and so the answer is no. Thank you, Mr. Speaker.

27 words
  • Hear!
  • Rabble!
  • star_border