In the News

Wynne government mismanagement will cost us in long run

“The financial accountability officer (FAO) has said the Wynne government is using one-time money from asset sales and contingency funds to artificially balance the budget, and today’s Fall Economic Statement confirms they’re doubling down on this reckless strategy.“It’s completely unsustainable,” Fedeli said.

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Budget watchdog doesn’t see Ontario’s books balanced by 2017-18

Finance critic Vic Fedeli said he believes the government will temporarily balance the budget through asset sales, such as selling more shares in Hydro One. “They will sell anything that isn’t nailed down and that’s the only way, according to the FAO, that they’re going to balance artificially, is by the one-time sale of assets,” he said.

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Business, families feeling pinch from hydro costs

Fedeli called the Milman Industries Inc. energy bill “a prime example” of how the Kathleen Wynne government’s failed energy policy is affecting Northern businesses and jobs.

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Financial literacy classes ‘critical’

“A firm grasp on financial matters helps us live a secure and fulfilling life. As Financial Literacy Month approaches, we all have a vested interest in helping younger Ontarians manage their finances responsibly,” Fedeli said.

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Fedeli honours key contributors to Patch4Patch program

“There wasn’t a dry eye in the legislature and I thank my 106 colleagues in the legislature before unanimously approving this and making this the law of the land in Ontario.”

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Ontario debt to soar by $50 billion over four years: FAO

Tory finance critic Vic Fedeli says it’s just a matter of time before interest rates jump, and the government needs to be prepared.

“For families, this means whether it’s health care or education, they’re all under siege by this government whose debts are mounting.”

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Nipissing MPP Vic Fedeli talks Ontario finances in St. Marys

“We are a province mired in waste, mismanagement and scandal. Those are the three pillars the government is anchored on right now,” Fedeli said.

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Budget watchdog says Wynne Government hiding data from him

MPP Vic Fedeli (Nipissing) disagreed, saying “you can’t get in behind the numbers” because they won’t lift the veil of secrecy.

“That’s where he (LeClair) needs to be, so he can find out how they justify it,” said Fedeli.

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FAO Confirms Findings in New Book: Fedeli

Nipissing MPP Vic Fedeli was more than pleasantly surprised to find Ontario’s budget officer released a report backing up his third edition of Focus on Finance, which finds a province struggling to stay afloat on red ink.

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Fedeli questions wind, solar, biofuel power projections

Nipissing MPP Vic Fedeli doesn’t buy recent projections that show 28 per cent of Ontario’s power will come from wind, solar or biofuel by 2040.

And if those projections do come about, Fedeli said Monday, “I can’t begin to imagine the cost.

“It’s pie in the sky and it’s already been blown out by the experts.”

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