TORONTO -- Ontario's Progressive Conservative government presented their first pandemic-era budget Thursday. Here are the highlights:

RECORD SPENDING

The government's fiscal plan involves a record $187 billion in expenses, with $30 billion specifically in pandemic-related spending.

The province will also have a record deficit of $38.5 billion.

The budget lays out three different scenarios that could see the province's deficit levels change in the coming years depending on how long the pandemic lasts.

Currently, it is forecasting lower deficits of $33.1 billion in 2021-2022 and $28.2 billion in 2022-2023 if economic growth progresses at a moderate rate.

The fiscal plan does not lay out a path to balance, with the government saying that will come in the 2021 budget.

HOSPITAL SPENDING

The province says it is spending $2.5 billion more in the hospital sector this year to help fight the pandemic.

The budget allocates an additional $572 million today for costs incurred during the health crisis.

Hospitals have been asked to anchor much of Ontario's pandemic response, including running COVID-19 testing centres and assisting some long-term care homes.

The facilities have also struggled with capacity issues through the second wave of the pandemic as they respond to a rise in cases while avoiding canceling surgeries.

SENIORS TAX CREDIT 

The budget includes a new tax credit to help seniors live in their homes longer.

It will reimburse them for 25 per cent on eligible renovations of up to $10,000, regardless of their income and whether they owe taxes for 2021.

The government says the minimum credit will be set at $2,500.

The temporary measure can be used for things like installing wheelchair ramps, non-slip flooring, and additional light fixtures.

ELECTRICITY SPENDING

The province says it will subsidize a portion of hydro rates for medium and large commercial and industrial businesses.

It says the costs of hydro prices for these businesses are making the province uncompetitive with other jurisdictions.

Starting Jan.1, 2021, the change will see industrial businesses save 14 per cent and commercial businesses save 16 per cent on their average bill.

The province estimates the program will cost $1.3 billion next year with costs gradually declining until 2040.

LONG-TERM CARE 

The budget lays out a recently announced commitment to provide nursing home residents with an average of four hours of daily direct care.

But it contains no cost estimates for the program, which the government has said will require the hiring of tens of thousands of health-care workers.

The government says it will achieve the standard by 2024-2025.

The standard would be an increase over the two hours and 45 minutes of direct care that is the current daily average received by long-term care residents.

AT-HOME SCHOOLING COSTS

The budget renews funding to help parents with the added costs of at-home education.

The program consists of $200 per child under 12 and $250 per child or youth with special needs.

That program will cost the province $380 million, on top of the $378 million spent earlier this year.

The province says the program is intended to help parents cover costs like workbooks, school supplies, and technology.

WINE AND BEER TAX FREEZE

The government is freezing scheduled tax increases on beer and wine until 2022.

The province says it is making the move to help businesses in the hospitality sector that have been hit hard during the pandemic.

The government had previously frozen the scheduled tax increase for the current fiscal year.

The move will cost the province $4 million in 2020-2021, and $40 million over the next two fiscal years.

This report by The Canadian Press was first published November, 5, 2020.