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Economic Development News

TO: All First Nations, Tribal Councils & Provincial / Territorial Organizations
FROM: Regional Chief Angus Toulouse
DATE: March 28, 2012
RE: Provincial Budget 2012

Overview

- Title: “Strong Action for Ontario: A Plan to Balance the Budget, Create Jobs, Protect Education and Health Care”
- Release date: March 27, 2012 by Finance Minister Dwight Duncan
- Implements some Drummond recommendations

Toronto, ON - Yesterday, Ontario Finance Minister Dwight Duncan presented the provincial budget which was described as a five year plan to keep Ontario on track to balance the budget by 2017-18. The budget proposes to reduce spending by $17.7 billion over the next three years while increasing revenues by $4.4 billion without raising taxes.

TORONTO - Today, the Ontario Minister of Energy outlined planned changes to the Ontario governments’ Feed-in Tariff (FIT) program following its’ first review. The FIT program was enabled by the 2009 Green Energy and Green Economy Act and provides a guaranteed pricing structure for renewable energy production.

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