Wynne has no specifics on how Ontario will raise $3.15 billion from asset sales
Ontario Premier Kathleen Wynne (centre) sits alongside her Finance Minister Charles Sousa (right) and the President of the Treasury Board Deb Matthews as they applaud Lt.-Gov. David Onley delivering the Throne Speech at Queens Park in Toronto on Thursday, July 3, 2014. (Chris Young / THE CANADIAN PRESS)
The Canadian Press
Published Tuesday, July 8, 2014 3:42PM EDT
TORONTO - Ontario's Liberals are counting on $3 billion from the sale of government assets, but Premier Kathleen Wynne says it's too early to provide specifics on what could be sold.
The Liberals want to "optimize" the value of Ontario Power Generation, Hydro One and the Liquor Control Board, which could involve inviting pension funds to invest in the agencies but retaining public ownership.
The New Democrats are worried about "a fire sale" of provincial assets, and claim the government plans a whole or partial sale of the LCBO and the hydro utilities.
But Wynne says she's still waiting for an advisory council on government assets to make its recommendations, and can't offer any details at this point.
New Democrat Peter Tabuns says the Liberal campaign platform stated they planned to raise $3.15 billion from asset sales, so they should know how much they expect to get from selling the LCBO, OPG or Hydro One.
Interim Progressive Conservative Leader Jim Wilson says there is money tied up in the provincial agencies that could be used to fund services or reduce the deficit, but adds the government should remain the majority shareholder in each case.