The Auditor General signed off on the Ontario Electricity Financial Corporation’s books — confirming that Tim Hudak isn’t telling the truth when he says that old PC stranded debt from Ontario Hydro are now paid off, Liberal Candidate Mark A. MacDonald announced today.
“The Hudak PCs are not being honest about their unfunded promises and that means families in Stormont – Dundas – South – Glengarry would be left on the hook under their reckless plan,” MacDonald said.
Hudak’s promise would cost taxpayers $500 million per year that he has not accounted for. Over the next four years, that’s $2 billion dollars. This is just one part of the $14 billion hole in the PC platform that will lead to deep cuts in our hospitals and schools.
Let’s remember why we have a Debt Retirement Charge. The last PC government chose to add this charge to the electric bills of Ontario families and businesses following their failed scheme to privatize the electricity sector.
Even the PCs — when they created the debt retirement charge — projected it would take until 2019 for the debt retirement charge to be removed.
Hudak’s promise to remove the DRC is a shell game that risks taking Ontario backwards. “The Ontario Liberals are the only people with a positive plan to keep our economy strong,” said MacDonald.
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