SoVote

Decentralized Democracy

Ontario Assembly

43rd Parl. 1st Sess.
May 15, 2024 09:00AM

I’ll just say that regardless of what the third parties said, the Financial Accountability Officer, an independent officer of this Legislature, showed that the biggest percentage area of growth in spending over the next few years versus the last few years is interest on debt.

The member talked about some of the things I would prioritize spending on. I want to tell the member the things that I think they’re mis-prioritizing spending on, because we could meet the objectives I’ve talked about within our existing fiscal framework. Did you know that we’re the only jurisdiction in all of North America that spends over $7 billion subsidizing electricity prices in the province of Ontario? And people who earn over $100,000 are getting that subsidy. So why not means-test it for low- and middle-income households, not wealthy households, so we can actually invest in health care, education and housing affordability?

I want to talk about affordable housing for a second, because 93% of the deeply affordable homes in the province of Ontario were built before 1995. What happened in 1995? The provincial and federal governments got out of supporting deeply affordable housing. It’s time for them to get back in, like the Scotiabank report says, so we can actually make our communities and our homes affordable for people.

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