Release of 2024 Ontario Budget

The 2024 Ontario Budget has been released today. The budget showed a $9.8 billion deficit in the coming fiscal year and signaled areas of spending that will be a priority. Brampton, in particular, has applauded the province’s $1 billion Municipal Housing Infrastructure Program and $825 million Housing-Enabling Water Systems Fund, which the city says will allow Brampton to repair and expand the critical infrastructure that will help the city reach its provincially set housing targets.

Along with a pledge to spend $67.5 billion over the next decade on transportation, other budget highlights included the province planning to bring in auto insurance reforms and support a new York University medical school focused on training family doctors. The province is expected to end 2023-24 with a $3-billion deficit, an improvement from the $4.5 billion expectation that Minister of Finance Peter Bethlenfalvy had just a month ago when he presented the third quarter finances.

See the new budget for yourself on the government’s website:

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