>ZB�4rw 7�o��5�/㋱�6(yc��gKyt/�x@g,�c�P�-d�=�r&��HMz2l���*��ۻ��O��w����H�2U(`�ݟ�b�~�R� �ZUY��{�ͣ�6i��N�֧���:(�n�f5,�ҸF�ʼnB��;EH)��7�ZW_�H�y7�d;>U{3x��n�a�J_��|2]� ���ހ���O(�R�Lo:Q� Y���Elܲj���� ��Z. 2006 ONTARIO BUDGET: Backgrounder March 23, 2006 STRENGTHENING ASSISTANCE FOR ONTARIO'S MOST VULNERABLE Providing Opportunity For Those Who Need It Most The McGuinty government recognizes that in order for every Ontarian to participate in the Province's prosperity, it must ensure that effective supports and opportunities are available for • By accounting for most of this year’s budget announcements in 2005–6, it leaves ample fiscal room for a repeat performance of attractive year-end announcements next year; • The 2006–7 budget includes more than $2.5 billion in contingency funds and reserves — reserves that … ��?=�_��2r:�T�n�Lz3�ij��b)�i��)�E��>�ZS���r���b�"�yC0�mޑ�{��2�%�t�m>kNe�L�\� �R���BYh+q�=�v�(xl0��◱9&x��/�%�9��ZC4q�]'ME�lf�,���P^a���e�Q�q�� $800 million of that to be spent in the Greater Toronto Area. The overriding theme for this year’s Alterna-tive Budget is the urgent need for Ontario to ad-dress the issue of poverty and income inequality in Ontario. As a result, the 2006 Economic Outlook and Fiscal Review released in October revised the medium-term fiscal outlook to include deficits of $2.2 billion in 2007-08 and $1.0 billion in 2008-09 – reflecting the impact of more moderate economic growth on … It supports new health care initiatives, including funding insulin pumps for young people, increased access to breast cancer and newborn screening, steps to prepare Ontario The assistance provided to Ontar-io… ----- ----- 2006 Ontario Budget Backgrounder ----- March 23, 2006 RESPONSIBLE FISCAL MANAGEMENT 2005-06 Deficit Cut To $1.4 Billion - Down 75 Per Cent From $5.5 Billion Inherited In 2003-04 Eliminating the Deficit The McGuinty government is on track to eliminate the inherited fiscal deficit - no later than 2008-09. This new component of the Social Programs Grant will provide $56 million in support to municipalities with high social program costs relative to the household incomes of their residents. The Budget did not contain any significant tax initiatives and focused primarily on investing in Ontario’s transportation infrastructure and education and health care initiatives. Highlights of 2006-2007 Ontario budget: $1.2 billion for public transit and local road and bridge repair. the time of the 2006 Budget. 1 0 obj<>/Outlines 780 0 R/Metadata 846 0 R/Pages 2 0 R/Type/Catalog>> endobj 2 0 obj<> endobj 7 0 obj<>/ColorSpace<>/Font<>/ProcSet[/PDF/Text/ImageC/ImageI]/ExtGState<>>>/Type/Page>> endobj 10 0 obj<> endobj 11 0 obj[/Separation/Black/DeviceCMYK<>] endobj 12 0 obj<>/Height 151/Type/XObject>>stream Premier Dalton McGuinty’s government tabled its third provincial Budget on Thursday, March 23, 2006.

The Ontario Alternative Budget for 2006–7 serves as a direct counterpoint on all of these is-sues. %PDF-1.3 %���� This Budget stays on track with the government’s prior commitment to eliminating the deficit. This Budget includes an additional $1.9 billion in funding in 2006–07 for the health sector. As announced in the 2006 Ontario Budget, a new OMPF grant component has been introduced.