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Fourth Quarter Investment projects

The Fourth Quarter Investments included in the 2008 Budget reflect the priorities of the government’s five-point economic plan to invest in skills and knowledge, enhance Ontario’s competitiveness, strengthen the environment for innovation, invest in infrastructure and form key partnerships to strengthen Ontario’s industries.

Before proceeding with any investment, the government assesses proposals as part of planning processes, such as Results-Based Planning and preparation of the Budget.

In the case of Fourth Quarter investments, the government has implemented a process to ensure due diligence has been completed by the Ontario public service.

Recipients of Fourth Quarter Investments must comply with accountability provisions that are consistent with transfer payment directives. This includes report-backs on how funds are used, the opportunity for independent audit and verification and the right to recover funds.

These Fourth Quarter Investments are part of the government’s fiscal plan to ensure the achievement of balanced budgets while making investments that help build the economy of the future.

Recipient

Amount

Investment Description

Art Gallery of Ontario

$8.6M

To provide the Art Gallery of Ontario with a solid foundation for sustainability

Canadian Film Centre

$2.5M

To help the Canadian Film Centre undertake critical capital repairs and provide an improved training facility to keep Ontario competitive in the screen-based and digital media industries

Knowledge Ontario

$5M

To help Knowledge Ontario renew database licenses which provide Ontarians with free, open and reliable access to essential information and learning resources through their local libraries

Luminato

$15M

To help Luminato maximize long term potential for the festival, including the creation of new work and major national and international bookings

Ontario Cultural Attractions Fund

$4M

To extend this successful fund, which supports marketing and promotional costs for exciting and innovative exhibitions and events at Ontario’s cultural and heritage organizations across the province

Ontario Heritage Trust

$747K

To provide the Ontario Heritage Trust with a solid foundation for sustainability

Ontario Science Centre

$2.176M

To provide the Ontario Science Centre with a solid foundation for sustainability

Royal Ontario Museum

$12.1M

To provide the Royal Ontario Museum with a solid foundation for sustainability

Science North

$388K

To provide Science North with a solid foundation for sustainability

Southern Ontario Library Service (SOLS)

$15M

To help SOLS, in collaboration with its partner agency, Ontario Library Service–North, support public libraries to bridge the digital divide and provide all Ontarians with equitable access to digital information, community collections and services

Toronto Reference Library

$10M

To support the Toronto Reference Library’s five-year, $30M capital expansion project