![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
||
![]() |
||
| Releases | ||
|
May 19, 2004 Press Release NEW BUDGET INVESTS $1 BILLION IN TRANSIT EXPANSION & RENEWAL Queen’s Park – The McGuinty government today announced its comprehensive, four-year plan to invest in health and education, foster economic growth and balance the budget. The 2004 Budget sets out a responsible, realistic strategy to deal with Ontario’s fiscal challenges, while delivering on the change Ontarians want and need, said Mario Sergio M.P.P. for York West. “Ontarians spoke to us about the need to transform the health care system and the importance of investing in education,” Sergio said after Finance Minister Greg Sorbara tabled his first Budget. “They spoke about the importance of having a comprehensive, multi-year plan that lays the foundation for economic sustainability and growth.” “We are one step closer to seeing a new subway line to York University” said Sergio. “More than $1Billion will be invested in public transit which will include the environmental assessment for the proposed subway line. It is good news to see that the most vulnerable in our communities will be helped. Those on Ontario Disability Support Program and Ontario Works recipients will receive a 3% increase. This will be the first benefit increase in 11 years. Social assistance benefits will not be reduced this year to take into account the July 1, 2004 increase to the federal national Child benefit Supplement. There will be 4,000 more subsidized child care spaces for pre-school children. Affordable housing units will be increased. Women’s shelters will be refurbished and expanded, with additional funding going into second stage housing for women and children who have been victims of domestic violence. We are helping our seniors live with as independently as possible with the dignity they deserve by increasing the Ontario Property Tax credit by $125 per year. There will be an additional $406 million to long-term care facilities for 3,760 new beds and a 3% increase in the comfort allowance for low-income residents of long term care facilities.” Other major initiatives announced in today’s Budget include:Transforming Health Care
“Our investments in primary care, will ensure care this year for up to 167,000 Ontarians who can’t find a doctor,” said Sergio. “It will be important to note that 37% of Ontarians will not pay the Ontario Health Premium as it is based on income. Low income earners will pay nothing.” Success for Students
The Budget also highlighted several key initiatives for municipalities, including delivering on the commitment to make two cents of the existing provincial gas tax available for public transit over three years, increasing the share of public health costs covered by the Province from 50 per cent to 75 per cent by 2007, and investing in improvements to highways, affordable housing and water quality. The thousands of Ontarians who took part in the most extensive pre-budget consultations ever conducted inspired the government’s plan. Sergio said the Ontarians who participated in the consultation also stressed the importance of a gradual approach to balancing the budget, in order to preserve vital public services. “In order to stabilize our fiscal situation and invest in health care and education, we have made two important choices—to increase revenues and to balance the budget over four years,” Sergio said. “It is simply not possible to deliver a balanced budget this year without destabilizing vital public services and the economy itself.” |
||
2004; Mario Sergio, M.P.P.; All Rights Reserved.