Ontario’s New Democrat leader is raising red flags over the potential sale of even more public assets. Andrea Horwath is writing an open letter to Premier Kathleen Wynne, asking for transparency about her plans to keep, or sell, more assets.
Horwath says the Hydro One sell off is worrisome enough, especially for the north where we already have high bills because of a harsh climate.
Horwath is also claiming that Wynne’s numbers don’t add up. She says the final price could be as low as $1.4-billion for the utility, but Wynne claimed it would bring in $4-billion for infrastructure funding. Horwath says paying for needed upgrades is important, but selling off all of Ontario’s public assets isn’t the way to do it.
She says they can look at slightly raising corporate taxes, or go down the more traditional route of borrowing money. Horwath says either of those options will leave the province in better shape.
Horwath also adds the province is losing half a billion dollars every year in revenue after the Hydro One sale is pushed though. That revenue is important to key services like education and healthcare.