May 11, 2020

By Christine Ross

Share on

Premier Doug Ford says his government will be ‘prudent fiscal managers’ when responding to the provincial financial watchdog’s report that says Ontario faces a historic $41 billion dollar deficit which is double the mini budget forecast and the largest in provincial history. Finance Minister Rod Phillips says we’ll know the financial impact of COVID-19 when budget is delivered in the fall. “We will by November 15th have a full budget which was part of our commitment and that will involve a multi-year plan,” said Phillips. “There’s many scenarios and we will look at all of them and as I’ve said, I appreciate the FAO’s work but we’ll have to wait until sometime before November 15th when we’ll have a multi year budget and talk about a path back to balance.”

The Premier didn’t rule out tax increases saying there’s no such thing as absolute. It’s expected when the legislature resumes Tuesday, May 12, the provinces emergency order will be extended to June 2nd.

Advertise With Us

To learn about advertising opportunities with Zoomer Radio use the link below:

Join Our Fan Club
Coverage Area
Downtown Toronto
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
ZoomerRadio Logo

Recently Played: