March 28, 2006

Key points in the budget

• Creates Move Ontario — a one time $1.2 billion investment in the province’s public transit systems and municipal roads and bridges;

• Invests $623 million to enhance border crossings in Windsor, Niagara and Sarnia;

• Provides a one-time, $200-million transit investment to Toronto to support subway operations;

• Provides $298 million through the Canada - Ontario Municipal Rural Infrastructure Fund;

• Provides $2.4 billion in loans through the Ontario Strategic Infrastructure Financing Authority (OSIFA);

• Re-iterates the government’s intention to introduce legislation that would give Infrastructure Ontario responsibility for overseeing OSIFA;

• Legislation to be introduced to enable Tax Increment Financing for brownfield redevelopment and public infrastructure development;

• Legislation to be introduced to establish the Greater Toronto Transportation Authority;

• Projects growth in non-residential construction of 5.9 per cent in 2006, four per cent in 2007 and 2.8 per cent in 2008;

• Creates a $2.1-billion Jobs and Skills Renewal Strategy.

Source: COCA

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