TORONTO--The McGuinty Government cannot keep its signature campaign commitments for public services renewal without both increasing taxes and running deficits for at least part of its first term in office, according to a report released today by the Canadian Centre for Policy Alternatives.
The report, Ontario Chose Change: Will the Liberals? by economist Hugh Mackenzie, analyzes the province's current fiscal situation together with forecasts for economic growth and expenditure growth over the next four years and concludes that: