FTR Now
Ontario to Table Budget Later Today
Date: March 27, 2012
Finance Minister Dwight Duncan will be tabling the Government’s much-anticipated 2012 Budget at 4:00 p.m. this afternoon. The Budget comes on the heels of the Drummond Report, which was released in mid-February and which recommended sweeping reform measures aimed at increasing efficiencies within the broader public service and the delivery of a variety government programs. We summarized the key components of the Drummond Report in two previous issues of the FTR Now: The Drummond Report – Impact on the Broader Public Sector; and Drummond Commission Reports on Elementary and Secondary Education Reform.
Many of the Drummond Report recommendations would have a significant impact on employers, and it remains to be seen how many the McGuinty government will adopt in its Budget, and to what degree. Moreover, in a minority Legislature, the provisions of the Budget take on heightened importance.
Hicks Morley will be carefully reviewing the Budget upon its release to assess its impact on employers in all sectors of the economy. We will be providing a more detailed analysis in an FTR Now expected to be distributed within the next couple of days. For our university sector clients, we will highlight Budget news in our Advantage session – Emerging Challenges in the University Sector: Staying a Step Ahead – being held on Wednesday, March 28 at 12:00 p.m. in our Toronto office.
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