Several pro-transit funding groups want the provincial government to act quickly on Metrolinx’s final recommendations for new dedicated transit taxes and fees.
The provincial transit planning agency released its long-awaited Investment Strategy this week which it will present to the province and municipalities by Saturday, June 1.
Metrolinx’s said the recommendations for four main revenue generating tools is enough to bring in the necessary $2 billion per year required to complete the Big Move transit plan’s first phase of priority projects within 15 years.
During a special meeting on Monday, May 27, Metrolinx’s board of directors voted to unanimously endorse the report, which contains a number of recommendations for the Liberal government of Premier Kathleen Wynne.
The recommended revenue tools are increasing the HST in the Greater Toronto and Hamilton Area (GTHA) by one per cent; hiking development charges to 15 per cent; imposing a five cent gas tax; and requiring commercial parking lot operators to pay a fee of 25 cents per space.
The Greater Toronto CivicAction Alliance, which has long called for revenue tools to fund a regional strategy urged the province to accept Metrolinx’s recommendations.
“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,” said group chair John Tory in a statement.
“Let’s make our dream of a connected regional transportation network a reality.”
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