Government Targeting Surpluses For Roads, Transit and Social Housing
For Immediate Release
March 12, 2008
The Ontario government is proposing legislation that would dedicate additional surpluses to Ontario's communities.
The proposed bill, which would be called the Investing in Ontario Act, would direct a portion of provincial surpluses to municipalities for infrastructure needs, such as improving roads and bridges, expanding transit and upgrading social housing.
Currently, the government is required to use all year-end surpluses to help reduce provincial debt.
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