Hiding Billions in Hydro Debt 'unacceptable'

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By David Reevely



Ontario's auditor general, David Reevely


Hiding billions of dollars the Ontario government is borrowing to lower electricity bills for a few years will cost hydro users an extra $4 billion, the province’s auditor general reported.

Maybe worse, Bonnie Lysyk said in a special report on the Liberals’ “Fair Hydro Plan,” the tricks the government is using throw doubt on all the province’s books. The government, citizens, auditors and giant institutions that lend the province money are pretty much operating in a post-truth universe, where what the Liberals say is going on with Ontario’s finances has begun to drift from any previously understood shared reality.

Read full article:
http://nationalpost.com/news/local-news/reevely-hiding-billions-in-hydro-debt-unacceptable-ontarios-auditor-general-says/wcm/c6dc13b5-03fc-4313-b38e-3afde3b62e60

DEEMBER 2017

Vol. 12 - No. 5










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