November 18, 2010
I’m pleased to let you know that yesterday Minister Dwight Duncan delivered the Fall Economic Statement. Here are a few of the highlights:
We have made these investments because people told us clearly that
they want long-term solutions to air quality and reliable energy. At the
same time, we recognize that these investments cost money. Electricity
costs are going up and will continue to go up over the next few years.
And so we’re introducing the Ontario Clean Energy Benefit (OCEB), which will take 10% off your monthly electricity bill for 5 years, starting January 1, 2011.
Finally, the projected deficit for 2010/11 – $18.7 billion – is now projected to be almost 25% lower than what was forecast a year ago.
There is obviously more to do, but I wanted you to have the opportunity to see the complete statement. Click here to read the 2010 Ontario Economic Outlook and Fiscal Review .
As always, I look forward to hearing from you. Have a great weekend.
All the best,