The Province can only manage (and afford) so many projects at one time. Perhaps Milton deserved to be higher on the list, but that’s water under the bridge now. Ottawa is playing politics by pretending to be chafing at the bit, knowing that Ontario can’t move on this for a few more years.
CP is not the obstacle. They will lay out their requirements and their price tag. It’s the pols who will dither, hoping they can wear CP down to something cheaper. And then ML will change the design 32 times, forcing the whole approval process to cycle back.
- Paul
Sorry Paul, not accurate.
The Auditor General came out w/a report on the books right before the election.
The province is hiding about 15B in un-allocated funds in the just unveiled budget.
That's over the next 3 years; but does not include under-estimated tax revenues according to the AG.
That's without cancelling any highways.
There is no shortage of funds at the provincial level.
Report here:
https://www.auditor.on.ca/en/content/specialreports/specialreports/Pre-Election-2022_EN.pdf
From the above: p.6
The understated estimates of provincial revenue from corporate tax in the fiscal plan are as follows:
• for the year ending March 31, 2023, corporate tax revenue of $19.7 billion is understated by between
$1.5 billion and $3.4 billion;
• for the year ending March 31, 2024, corporate tax revenue of $20.4 billion is understated by between
$1.9 billion and $3.9 billion; and
• for the year ending March 31, 2025, corporate tax revenue of $21.1 billion is understated by between
$2.1 billion and $4.2 billion.
When revenues are underestimated, the perception can be that the government has less funds available for
decision-making than can be reasonably expected.
and p.8
p. 26