Ontario to release 2014-15 budget on May 1

TORONTO (Reuters) - Ontario will deliver its 2014-15 budget on Thursday, May 1, provincial Finance Minister Charles Sousa told reporters on Tuesday. The ruling Liberals hold 48 of the 107 seats in the Ontario legislature, meaning they will need the support of at least one opposition party to pass the budget and avoid an election. (Reporting by Cameron French; Editing by Meredith Mazzilli)