Nipissing MPP Vic Fedeli says there’s something for everyone’s in the provincial budget.

He says that includes improvements for the doubling of the guaranteed annual income. He says there’s a tax credit too.

“For 25 % of any home issues that need to be take care of for seniors. They will get that money back whether they pay taxes or not,” he says.

As well, he says there’s support for families. They will receive $200 dollars for each child under 12 to help adapt to the new realities of dealing with COVID.

Fedeli also says there’s opportunities for businesses to create jobs with the lowering of energy costs and a ten percent cut in business education taxes.

“About 60 % of your property bill is for the city and the rest for the province. For a business that will fall by 10%. We expect those businesses to use that money to survive and begin the recovery,” he says.

Fedeli says they’ve increased health care spending by $7.5 billion above and beyond the regular budgeted amount.

And that figure is $7.5 billion more than the last budget. He says energy costs are going down too.

Ontario is spending a record $187 billion in the budget.

The fiscal plan presented today also shows a record deficit of $38.5 billion for this year, consistent with the government’s summer projections, and says a path to balance will be presented in the 2021 budget.

Ontario’s Progressive Conservative government says it is spending $2.5 billion more on hospitals this fiscal year, including $572 million announced today aimed specifically at offsetting COVID-19 expenses.

The document does not, however, provide costing for the new standard for long-term care announced earlier this week, which would see nursing home residents receive an average of four hours of direct care every day.

The government put off delivering a full fiscal plan earlier this year, citing the economic uncertainty caused by the global health crisis.

(File photo by station staff)

Filed under: budget, nipissing-mpp-vic-fedeli