Ontario Premier says province will pay for budget reviews

Premier Doug Ford says the province is willing to pay for large municipalities and school boards to review their budgets in an effort to find savings.

The offer of up to $7.35 million for the reviews comes as municipalities and school boards have warned that provincial cuts may result in layoffs, service reductions or higher taxes. Ford says the reviews are needed as the province tackles an $11.7 billion deficit and a debt that sits at approximately $347 billion.