On Air Now Dan Henry More FM Nights 8:00pm - Midnight
Now Playing Corey Hart Sunglasses At Night

Provincial Gas Tax Cuts to be Extended

It's part of the Ontario fall economic outlook, coming today

The provincial government is aiming to extend its gas and fuel tax rate cuts.  

It's part of the Ford government's fall economic outlook, to be released today, two weeks after the Financial Accountability Office projected budget surpluses until 2028.

If the outlook is passed, it would keep the gas tax cuts in effect to the end of next year.

The government says this would save Ontario households $195 on average, between last July and December 31st, of next year.

The finance minister adds it is also looking to maintain elimination of license plate renewals, commitments to build homes faster, as well as highways.

Peter Bethlenfalvy announced in September that Ontario ended the last fiscal year with a $2.1-billion surplus.

When the budget was presented several months earlier, the province projected a $33-billion deficit. 

More from Local News