Ontario Needs The LCBO
The profits from LCBO sales help pay for teachers in Cornwall, MRIs in Timmins, highways in Simcoe County, hospitals in Thunder Bay, child care spaces in Toronto, Western University in London, Mohawk College in Hamilton, and more. If we give up those profits, we have two options — either pay more in taxes, or cut important public services.
The LCBO is an important asset for Ontario. In 2016, the LCBO provided $2.4 billion to the provincial government to pay for public services. This included more than $1.9 billion in profit, and more than $450 million in provincial taxes.
Last year, in fact, people who shopped at the LCBO provided enough money to the province to pay for more than 13,300 kilometres of highway resurfacing. In two months, LCBO shoppers cover the cost of a year of home care for more than 113,000 seniors. Why would we give that up?
Ontarians have already lost too much to privatization.
The Liberal government is giving up on as much as $500 million a year by privatizing Hydro One. The previous Conservative government cost us $1 billion a year when they privatized Highway 407. And the Auditor-General recently reported that private contractors charged the province more than $8 billion too much for P3 infrastructure projects. We can’t afford to let the government repeat these mistakes with the LCBO.
Together we can stop this.
Go to www.SavetheLCBO.ca to learn more about how LCBO profits pay for the public services we rely on, and what you can do to help save the LCBO.