Opinion: From plans for inflation to electric vehicle incentives and Bill 124, Ontario's flawed election budget needs a summer do-over.
Ontario Finance Minister Peter Bethlenfalvy has the rare opportunity for a budget do-over. He can revise his flawed April budget before it is presented this August to the legislature.
In this situation, the Ford government’s alternatives are: increasing spending to continue delivering the current level of services; or reducing services to fit what has been budgeted. Responding to surging inflation, the Bank of Canada is expected to soon increase lending rates by a further 0.75 percentage points.
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