Posts Tagged ‘budget’

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Protecting public health care from private investors

Wednesday, April 10th, 2024

In Canada, a single private equity firm already owns the largest national network of independent surgical centres — 53 operating rooms spread across 14 centres — in Quebec, Ontario, Manitoba, Saskatchewan, Alberta, and B.C… Approximately 90 per cent are publicly funded through partnerships with provincial health systems… Should profit-driven investors own health care facilities?

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Seniors’ Care Surge will require Smart Policies

Tuesday, April 9th, 2024

Among the key recommendations: (i) provinces should invest in public home and community care while also considering mechanisms to expand the private provision of these services; (ii) Ontario and other provinces should consider providing a refundable tax credit for senior renters to access retirement homes and supportive services and; (iii) current capacity and fiscal constraints mean that expanding both publicly and privately funded options will be necessary. 

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Justin Trudeau offers provinces billions of dollars for housing — but with strings attached

Tuesday, April 2nd, 2024

… $5 billion — will be tied to provinces promising to meet certain conditions, among them to allow multiplex townhouses and multi-unit apartments…. “It’s off the table for us,” Ford said last month. “We’re going to build homes, single-dwelling homes, townhomes, that’s what we’re focused on.” … The remaining $1 billion of the $6-billion infusion for housing infrastructure is to be directed to municipalities to address “urgent” infrastructure needs that directly create new housing

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With its 2024 budget, the Ford government is asking you to trust it. You shouldn’t

Thursday, March 28th, 2024

… it’s one thing to announce billions in new health-care spending… It’s another to admit that 1.3 per cent growth is below inflation and nowhere near enough to sustain public health care in the province, let alone sufficiently expand it. It’s another still to admit that all this program spending amounts, on balance, to real-dollar cuts… The government is going all-in on highways and roads — with a few nods to the poor suckers stuck taking inadequate, crumbling public transportation. 

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Ford government’s budget shortfall soars to $9.8 billion as tax revenues plunge

Wednesday, March 27th, 2024

“… We are going to follow through on a plan that is working — knowing that the higher deficits, compared to what we projected last year, will be time-limited while the return on investment will be felt for decades.” … settlements with public servants after the government’s Bill 124 wage-cap legislation was found to be unconstitutional have added billions in additional costs to the treasury. Under Ford, the provincial debt has soared by $116 billion to $462.9 billion, the largest debt of any subnational jurisdiction in the world.

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Ontario budget gets failing grade from university professors

Wednesday, March 27th, 2024

“Universities are in a crisis that the province manufactured through chronic underfunding.” … OCUFA was glad to see an extension of a freeze on tuition fees for postsecondary students, but the government did not invest in universities for this lost revenue, expecting universities to continue to do much more with much less… $1.3 billion for Ontario’s colleges and universities over the next three years… is eight times less than… OCUFA’s recommendation for university funding to reach just the Canadian funding average.

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How government penny-pinching makes life harder for unhoused Ontarians

Tuesday, March 26th, 2024

In Ontario, if you lose your home, you get less social assistance than someone who has a home. The government cuts your benefits in half. Why punish people when we can help them get back on their feet? If it’s simply about saving money, surely the government can find lots of other ways to do that without ruining people’s lives… Social assistance should help people, not make their lives even harder.

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Is starving Ontario’s hospitals and schools really something to brag about?

Tuesday, March 26th, 2024

In the last five years, the Ministry of Finance has brought in close to 30 measures to reduce its own revenues. All told, those changes drained no less than $7.7 billion from the provincial treasury in 2023-24… The overarching goal is not to use public dollars efficiently, it’s to drive economic activity into the private sector so investors can turn a profit. This is why the current Ontario government has no qualms about privatizing surgeries and diagnostic procedures — even though private procedures can cost more than double what they cost in a public hospital.

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So, what expenditures should Canada cut to meet its NATO obligations?

Thursday, March 21st, 2024

About a quarter of all spending is transferred directly to Canadians, either through elderly benefits (Old Age Security and Guaranteed Income Supplement), Employment Insurance benefits and the Canada Child Benefit… Another 20 per cent of Ottawa’s spending is transferred directly to the provincial governments… Equalization payments account for about $24-billion… Interest payments on the debt account for another $47-billion… while Ottawa’s total spending is $500-billion, only $96-billion in operating spending is discretionary

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Ontario needs to pony up more cash for colleges and universities

Friday, March 8th, 2024

A short-term, piecemeal funding plan won’t work. The Ford PCs won’t be able to solve decades of chronic post-secondary underfunding in a year or two or three. But they can begin the process of instituting stable, predictable, and sufficient funding… It’s the smart thing to do. It’s the right thing to do. And in the long run, the money the government invests in education today will return more than it’s worth.

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