509M in revenue The Ontario government is short $509 million.
Finance Minister Charles Sousa released his fall economic statement Monday which confirmed revenues projected in the provincial budget just a few months ago the fiscal plan that helped give Premier Kathleen Wynne and the Liberals a majority government proved overly optimistic. Despite the revenue setback, Sousa insisted the government is still on track to balance its books by 2017 18. If revenue projections continue to drop, the government is prepared to consider coach clearance bags online tools if necessary to meet that goal, Sousa said. The Ontario government intends to target the underground economy by forcing companies that want to do business with it to confirm their taxes are paid up, he said. There will also be measures to address the problem of contraband tobacco and the resulting loss in tobacco tax revenues through increased fines and vehicle seizure of those caught moving large amounts of illegal cigarettes and through more monitoring of raw leaf tobacco, he said. The government is not talking about shutting down smoke shops on First Nations lands that sell cigarettes at a greatly reduced cost. not suggesting that we going to go onto the reserve itself, Sousa said. PC MPP Vic Fedeli accused the government coach outlet stores cleveland ohio of trying to distract the public from dismal numbers that coach sneakers outlet are derailing its balanced budget plan. Revenue and growth projections are down dramatically from the last fall economic statement and even from the summer budget just four months ago, he said. Sousa promise of tools to fatten up the treasury are bound to be tax increases, Fedeli said. one of their numbers is real; this is just a continuation of this fiscal fairy tale, he said. of looking to control costs, to control operating expenses, they look to raise taxes. MPP Catherine Fife said the government real plan for getting itself out of deficit is to sell off valuable public assets like Hydro One distribution business for short term gain. looking for revenue in all the wrong places, Fife said. According to the Fall Economic Statement, the $118.4 billion now anticipated in revenue for 2014 15 is $509 million less purple coach purse than projected in the 2014 budget.
The economic statement blames a drop in tax revenue $398 million in corporations tax, $87 million in personal income tax and $51 million in sales tax. Sousa also blamed the federal government for taking some of the air out of Ontario economic tires, saying it refused to match the province investment in the development of the Ring of Fire and by a drop in equalization payments. Federal Finance Minister Joe Oliver said in a statement that the Ontario Liberals need to take responsibility for their record.
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