TORONTO, ON: As many teachers walk off the job today, the Canadian Taxpayers Federation is warning Ontario taxpayers that the province cannot afford to pay for the demands being made by their union bosses without billions more in taxes or debt.
“While Ontario is the largest subnational debtor on the planet, Ontario has some of highest paid teachers on the planet,” said Jasmine Pickel, the CTF’s interim Ontario director. “To give teachers the bigger raises their union bosses are demanding, we only have two options: add billions more to the debt, or pay billions more in taxes at a time when Ontario can afford neither.”
Ontario - Debt - Dollar - Deficit - Year
Ontario recently surpassed $350 billion in debt, and is projecting a $9-billion dollar deficit this fiscal year. Last year, in an attempt to reign in government spending, the Ontario government passed Bill 124, which capped government employees’ raises to one per cent per year for the next three years.
Each one per cent raise that the government gives to its employees costs taxpayers $720 million. Government employees, including teachers, account for approximately...
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