Ontario’s financial accountability officer confirms Ontario will be worse off financially following Hydro One sale

Wynne and the Liberals….They’re Out to Destroy Ontario!

Colder Air

The Toronto Star’s Robert Benzie is reporting the Toronto Star has seen a report on the sale of Hydro One concluding:

“In the years following the sale of 60 per cent of Hydro One, the province’s budget balance would be worse than it would have been without the sale…”

I would have been surprised had he concluded anything other than that.

I’ve written extensively on the sale, recently stating this regarding the financial shenanigans driven by the head of the unelected Premier’s Advisory Council on Government Assets:

It seems the only value Ed Clark’s team has added to Hydro One has come at the expense of future government tax revenues.

The money in, money out, scheming with Hydro One is intended to provide “Deferred Tax Benefit”, and the government has stated it’s grabbing the entire “Deferred Tax Benefit” gained to pay into the Trillium Trust, which is the provincial government’s…

View original post 896 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s