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Kathleen Wynne e-News, October 23, 2009

Fall Economic Statement

October 23, 2009

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Hi Everyone:

I’m sure that many of you have seen or heard reports about our Fall Economic Statement delivered Thursday, October 22, in the legislature by Minister of Finance Dwight Duncan.

As a government and as a province, we are facing a difficult challenge. We have been hit hard by the global economic downturn. Minister Duncan delivered a sombre message that we are confronting a deficit of $24.7 billion.

Our term in office has been characterized by responsible management of Ontario tax dollars. Our focus has been on strong public institutions, strong economic growth and responsible government.

Almost two years ago, our Minister of Finance saw the signs of an economic slowdown. We took action to invest in infrastructure immediately. No one anticipated the depth of the slowdown, or its protracted nature; however, that is exactly what we are now confronting.

We will rise to the challenge. We will continue to take action to protect our public institutions, to attract business to Ontario and to invest in the innovation and intelligence of Ontarians. We remain committed to beginning the implementation of the full day programming for four- and five-year-olds. We will have to review government programs and we will continue to tighten the rules and ensure that your tax dollars are spent in a responsible way.

Over the next few months, we will develop a plan to continue to deal with our reality and there will be difficult decisions along the way. What you can depend on is our commitment to the public good and our commitment to do everything in our power to promote economic growth. For your information, here is the link to Minister Duncan’s speech:

http://www.fin.gov.on.ca/en/budget/fallstatement/2009/statement.html

We will talk about these issues and challenges over the weeks to come. As always, I look forward to hearing from you. If you live in or near Leaside, I invite you to come and speak with me at a community consultation regarding the Centre for Addiction and Mental Health’s plans for the Donwood site which will be taking place on Monday, November 2, at Northlea Public School at 6:30 p.m. Hope to see you there.

All the best,

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