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2021 Ontario Economic Outlook and Fiscal Review

(November 4, 2021) The Ford government has released its 2021 Economic Outlook and Fiscal Review, a plan to protect people’s health and Ontario’s economy.  Finance Minister Peter Bethlenfalvy announced today the government will invest $30.2 billion over the next 10 years to build, expand and enhance hospitals in the province.  “This is a historic commitment to ensure people can get the care they need in communities,” said the Minister.

“This is an opportunity for our communities to step up their fight for hospital redevelopments in Collingwood and New Tecumseth,” said Simcoe-Grey MPP Jim Wilson.  “I would urge my constituents to write Premier Ford and his Health and Finance Ministers to express their expectations that Collingwood General & Marine and Stevenson Memorial hospitals receive their fair share of the money committed to the health care system.” 

The government plan also includes more spaces for seniors, including 30-thousand new long-term care beds and refurbishment of another 28-thousand.  The long-term care sector can expect to see 225 new nurse practitioners, while overall the health-care system will be expanded by 5-thousand nurses and 8-thousand new personal support workers. 

The government also plans to support the Ontario’s tourism and hospitality workers with its new 20 percent Ontario Staycation Tax Credit. 

Investments in roads, highways and transit are promised, including the Bradford Bypass which will cut drive times in Simcoe and York region by up to 60 percent.  The government is also doubling the Ontario Community Infrastructure Fund over five years to help small, rural and Northern municipalities. 

To encourage people to consider the trades, $90-million will be invested in a Skilled Trades strategy to break the stigma associated with the sector and remove obstacles that prevent young people from entering the trades.

“The government is making many of the necessary investments to protect the progress we’ve made as we recover from Covid,” said MPP Wilson.  “They are putting together a plan that is built on growth, not tax hikes or spending cuts.”


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