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A BUDGET FOR GROWTH AND PROSPERTY IN YORK REGION

New Budget Supports York Region Families and Gets York Region Moving

Ontario’s 2013 Budget — A Prosperous and Fair Ontario — makes strategic investments that will grow York Region’s economy, create jobs for its youth and takes action to eliminate the deficit by 2017-18.

 The 2013 Ontario Budget proposes a prosperous and fair Ontario by:

  • Creating a Youth Jobs Strategy of $295 million over two years to create jobs and mentorship opportunities for 30,000 youth by promoting entrepreneurship and innovation
  • Making jobs and fairness a priority by investing in infrastructure for public transit, roads, hospitals, and schools.
  • A reduction of 15 per cent in auto insurance rates for 9 Million drivers
  • Establishing means for an additional 46,000 people to receive home and community care efficiently and in the comfort of their own home
  • Providing tax relief to small businesses to create more jobs by increasing their Employer Health Tax exemption from $400,000 to $450,000 of payroll
  • Beginning a transformation of social assistance to help more recipients find jobs and improve their financial security.

The deficit for 2012-13 is now estimated to be $9.8 billion — a $5.0 billion improvement compared with the 2012 Budget forecast. The recently ended fiscal year marks the fourth straight year that the province has reported a deficit lower than projected— the only government in Canada to achieve this level of success. 

In addition to beating the deficit target for 2012-13, the province is projecting an improvement of more than $1.0 billion from the $12.8 billion deficit projected in the 2012 Budget for 2013-14. Program spending in 2013-14 is unchanged from the 2012 Budget projection. Beyond 2013-14, the government is on track to meet the steadily declining deficit targets outlined in the 2012 Budget and achieve a $0.5 billion surplus in 2017-18.

Collaborating with key partners and stakeholders, the government is laying out a six-part economic renewal plan that will help seize new opportunities for growth and job creation in York Region:

1.   Competitive business climate — supporting a competitive tax system and effective regulation promotes new business investment for job creation and economic growth

2.   Modern infrastructure — investing in transit, roads, schools, and hospitals is a key foundation for a productive economy

3.   Highly skilled workforce — investing in skills and education, as well as job creation for youth, ensures the people of the province can work and prosper

4.   Promoting entrepreneurship and innovation — strengthening Ontario’s ability to transform ideas into innovative goods and services for the global economy

5.   Going global — working with business to expand market access for goods and services beyond Ontario’s borders to other provinces, the United States and emerging economies

6.   Vibrant and strong communities — helping all communities and regional economies benefit from job creation and economic growth.

The new government will also continue to take steps to provide more support for York Region families by making smart investments in the economy. It will protect the most vulnerable, and build safer and stronger communities.

Ontario’s 2013 Budget will build a fair and prosperous Ontario for the benefit of all. 

QUOTES

 “The Ontario budget takes a balanced approach to eliminating the deficit without compromising public services.  York Region residents will benefit tremendously from the new government’s investment in home and community care services.  It will make healthcare options more readily available and will especially help York Region seniors live independently in their communities and homes for as long as possible.”  --  Dr.Helena Jaczek, MPP, Oak Ridges- Markham

"With this budget, the Ontario government is continuing to strengthen our economy and create jobs, while investing in crucial public infrastructure, health care and education. We are taking a balanced approach that protects valuable public services and improves the quality of life for the people of Vaughan. Our plan is working and we look forward to continuing to deliver positive results for Ontario." -Steven Del Duca, MPP, Vaughan

"Ontario Budget 2013 provides much needed support for the Markham-Unionville business community.  The increase of the Employer Health Tax exemption up to the first $450,000 of payroll will help small-to-medium sized businesses' with their bottom lines." - Michael Chan, MPP, Markham-Unionvillle

“The new government knows that youth are the future of Ontario. In the 2013 budget we have proposed a comprehensive Youth Jobs Strategy to equip youth with the tools, training and opportunities to succeed. This $294 million investment will promote innovation, entrepreneurship and employment for youth in Ontario.” -Reza Moridi, MPP, Richmond Hill

QUICK FACTS

  • The government is projecting real gross domestic product (GDP) growth of 1.5 per cent in 2013, 2.3 per cent in 2014, and 2.4 per cent in both 2015 and 2016.
  • The government held pre-budget consultations with more than 1,000 organizations and heard from over 600,000 households in communities across Ontario during telephone town halls.
  • Ontario is currently one of only two governments in Canada that is on track to beat its fiscal target for 2012-13. These results are due to the government’s focus on deficit elimination by 2017-18 — a commitment that is reinforced by the goal of reducing net debt-to-GDP to the pre-recession level of 27 per cent once the budget is balanced.
  • Ontario has created almost 400,000 jobs since June 2009, recovering all of the jobs lost during the recession. The current level of employment is more than 130,000 jobs above the high point before the recession.
  • Ontario’s planned infrastructure investments of more than $35 billion over the next three years would support more than 100,000 jobs on average each year.
  • The government is moving forward with 60 per cent of the 362 recommendations from the Commission on the Reform of Ontario’s Public Services and studying the implementation of the rest.

 LEARN MORE

 Read the Budget.

 Read background information on the budget:

-          Ontario’s Economic Outlook and Fiscal Plan

-          Helping Ontario Drivers Save Money

-          A Fair Society

-          The Ontario Trillium Benefit: More Choice For People

-          Youth Job Creation

 

Read highlights of the Budget.

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