2007 Ontario Budget Highlights?

I certainly have written about many different budgets, this is for the Ontario Provincial 2007 budget. I am keeping it for historical reasons.

Well, it’s a “not much for Big Cajun Man” budget. My highlights of it are pretty small. I will attempt to broaden my scope to help my readers. For more details, read here on the Ontario Budget 2007.

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• A phased in minimum wage increase to $10.25 as predicted. This is a start, but again, I don't know many folks that can live on that in Ontario.
• There is an enhancement to the current child care programs. However, it is for very low income families. It doesn't do much for me. I applaud that they are helping needy folks too.
• Lots of money is going to municipalities for infrastructure. The Mayor of Ottawa was ecstatic about this budget. This always worries me. $5.9B to be exact for infrastructure across the province.
• Property tax assessments will be for four years starting in 2009. My house's value is currently increasing. It will only be reflected in my taxes every four years. There is also talk of changing the entire Property Tax formula, but I'll believe that one when I see it.
• Lots of money for Business Education.
• A "balanced" budget earlier than predicted (this will be part of their election platform no doubt).
• An increase in Health spending, hiring of 8,000 more nurses but no cutting of the OHIP tax either.
• More money is going to education. This is good to hear, given the programs being cut here in Ottawa due to underfunding. Will this change much? Again, we'll see.

So what you say? I felt the same way. It's putting money back into the system. The budget is allegedly balanced. However, this occurred after they implemented new taxes at the start of their term. I am not happy about that one (still).

The Education spending seems to be not well focused, and a lot of school boards are still having problems, which means, I am not sure the money is going to the right places, but at least there will be more money (hopefully that will not be solely used to give teachers, principals, custodians and staff pay raises (not that there is anything wrong with pay raises for those folks, just that every time money goes into the system, it doesn't seem to be going to the kids?)).

Will this budget get the Liberals re-elected? I don't think it's a PLUS or a MINUS. It's kind of neutral. The big statement is that they managed to balance the budget. This was given the fiscal mess they were left by the Tories (quoting Liberal rhetoric, not my opinions).

I put a lot of gas into my van yesterday ($60.00) and it didn't fill the tank. Used to be I could fill it for $40.00. Now almost $75.00 is more like it. This situation is too similar to the 70's and a precursor to inflation for my liking. Hope all levels of government are doing something to avert it, but I suspect inflation is coming, real soon. That is your doom and gloom for a Friday statement.

Other Budgets Federal and Ontario Provincial

• Ontario Budget 2007 Highlights? I certainly have written about many different budgets, this is for the Ontario Provincial 2007 budget.
• Budget Day 2009 is Here, what to do in a financial poop storm? The actual budget discussions for 2009 can be found here.
• Ontario Budget 2015 M’eh… The Ontario Budget 2015 was relatively meagre and simple, however, it didn’t really appease any of the pundits either.
• Budget 2015 What’s In It For Me ? The federal budget 2015 Federal had some things for everyone, but not a great deal for anyone specifically. Typical budget. Except the TFSA limit was moved to $10,000 !