EXCLUSIVE: Wynne: No transit funding tools in Fall Economic Statement as Ontario eyes pension
The premier says transit funding tools won't be in this year's Fall Economic Statement.
In an exclusive interview with Newstalk 1010's Queen's Park Bureau Chief Katie Franzios, Kathleen Wynne says the fall statement would be too early to lay out any plans.
December 15th is the magic date when the premier's panel of experts will recommend what transit funding tools will ding your wallet.
Premier Kathleen Wynne says there won't be tidbits included in the fall economic statement but is eyeing the spring budget for a transit funding tool reveal.
With Metrolinx recently saying the lack of transit expansion is dragging the GTA down, Wynne tends to agree.
She points to the area losing billions a year in economic revenue. Plus, she adds, it affects your quality of life, be it through transit access or traffic.
Also said to be included in the Statement, will be a nod to starting up an Ontario Pension Plan.
Wynne says it's something she has been talking about for some time. She says if there is no enhancement to the Canada Pension Plan (CPP), there needs to be another strategy.
Meantime, the Tories say creating a separate pension plan shouldn't be Ontario's focus.
PC finance Critic Vic Fedeli says if they were in power, they would create an environment for a secure retirement by creating jobs and strengthening the economy.
He says the Liberals gut reaction is to raise taxes.
Fedeli says pensions should be dealt with at the federal level. He suggests MPPs should be pushing the federal government for pension reform.