It should come as no surprise that the Ontario Budget passed this morning, and that a potential election has been, for now, averted. But even before the so-called "breakthrough" was made between Premier Dalton McGuinty and NDP leader Andrea Horwath was announced yesterday, there was about as much of a chance of another Ontario election as there is for severe winter weather in southern Ontario this late in April, which is to say a small chance, but generally speaking not very likely.
The new budget now has a 2 per cent wealth surtax on 23,000 Ontarians earning $500,000 or more a year, raising $470 million next
year, which will all go towards paying down the $15.2 billion deficit, while the levy, which costs someone making $600,000 an extra $3,120
annually, will be in place until Ontario balances the budget, now
scheduled for 2017-18. The Liberals have also added $242 million
in funding for child care, $20 million for northern and rural hospitals,
and boosted welfare and disability benefits by 1 per cent at a cost of
$55 million.