The Ontario government tabled a budget Tuesday that forecast a ballooning deficit, investments in the home and community care sector, and support for a first-of-its-kind medical school.Ontario Premier Doug Ford's government tabled a budget Tuesday projecting a deficit of $9.8 billion in the coming fiscal year.
Meanwhile, the budget's base funding for health care is projected to go from $85 billion this coming fiscal year to $89.9 billion in 2026-2027.The budget says the government will support a new York University medical school based in Vaughan, Ont. It says the medical school would be the first in Canada primarily focused on training family doctors.
It says the investment over three years will help address the "critical need" for infrastructure support in sport and recreation sectors. It says mandatory auto insurance accident benefit coverage will continue to apply to medical, rehabilitation and attendant care benefits, but all other benefits would become optional.
To support the province's housing plans, the government is investing more than $1.8 billion in two funds that will help municipalities build 'housing-enabling' infrastructure, including roads, bridges as well as drinking water, wastewater and stormwater infrastructure. The budget also says Ontario will let all single- and upper-tier municipalities impose vacant home taxes, which the government says will increase housing supply.
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