Province Releases Largest Contingency Funds In Ontario History: Miller
Parry Sound-Muskoka MPP Norm Miller said in a release, that yesterday’s announcement by the province is the first step in the government’s response to the COVID-19 crisis, and it addresses many of the immediate issues facing Ontario and includes some of the largest contingency funds in Ontario history. “I am proud that all four parties represented in the Legislature worked together to get this Bill passed quickly in the face of this crisis,” he said.
The province unveiled its economic and fiscal update, which includes a $17 Billion aid package to ensure the necessary resources are in place to protect the health of Ontario’s people and economy, and included $3.3 Billion into Ontario’s Healthcare System, and $3.7 Billion of direct support for people and jobs.
The Ontario Finance Minister, Phillips said “During this global pandemic, I want the people of Ontario to be focused on their health — not worrying about losing their job or how to make ends meet as they deal with unexpected additional expenses.”
The government's plan also included measures that will make available $10 Billion in support for people and businesses through tax and other deferrals to improve their cash flows over the coming months.