The Tory MPP for Nipissing Vic Fedeli is critical of how the Wynne Liberals are working their way toward a balanced budget.
The Liberals now show a deficit of 1.9 billion dollars and still claim they will balance the budget next year.
Fedeli says they’re using one-time money from the sale of Hydro One, 600-million dollars from reserves and they got an unexpected half billion dollars from land transfer taxes, mostly from Toronto.
Fedeli says even the Financial Accountability Officer recognizes this and he paints a gloomy financial picture.
Fedeli says the Liberals continue to spend more than they take in.
That means once they’ve used up the one-time revenue to balance the budget we’re back in deficit mode.
(Written By: Rocco Frangione)