Ford's misleading deficit figures are softening us up for cuts to come - 2018-12-10
The list of knowledgeable people who agree the Ford government is overstating the size of the provincial deficit is growing.
The latest to join that chorus is Ontario's financial accountability officer, Peter Weltman. His fall report, released on Monday, says the Progressive Conservative government is underestimating tax revenues and the deficit is actually $1.2 billion lower than the government claims.
Before Weltman came Cindy Veinot. She was Ontario's chief accountant until she resigned this fall in protest over the government's decision to inflate the deficit by $5 billion through questionable accounting of public sector pension assets. Even Ford's own financial commission of inquiry concluded in September that the province needed to account for pension assets differently.