Under Metrolinx’s funding formula, the average household will pay $477 a year to fund transit expansion across the Greater Toronto and Hamilton Area (GTHA).
The provincial agency handed over its funding report to Queen’s Park on Monday.
The proposed taxes and user fees include a five-cent gas tax, a parking levy, a one-per-cent sales tax increase, a 15-per-cent hike in development charges, implementing high occupancy toll (HOT) lanes, and implementing “pay for parking” at transit stations.
The HST increase requires the approval of the federal government. If implemented, it would generate $1.3 billion a year, Metrolinx CEO Bruce McCuaig said.
John Tory, chair of the Greater Toronto CivicAction Alliance, urged the government to act.
“It’s been decades in the waiting, and the time has come for governments to invest in a dramatically better way to move people and goods across the Toronto region. Let’s make our dream of a connected regional transportation network a reality,” he said.
CivicAction has been pushing for increased transit funding with its ‘What Would You Do With 32?’ campaign and other initiatives.
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