OneCity: TTC chair to propose new transit plan, and tax hike
TTC chair Karen Stintz has a new transit expansion plan called OneCity, and to pay for it she is proposing increasing taxes.
The councillor will officially announce the $30-billion plan at city hall Wednesday morning. It could come in front of council as early as October.
The plan includes expansions of subways and LRTs across Toronto, with stops added to the Sheppard line west to Downsview, a downtown relief line from Eglinton to Queen, an LRT to the zoo and Malvern Town Centre, a Yonge subway extension to Steeles, a Bloor-Danforth subway extention from Kennedy to Scarborough Town Centre and up to Sheppard to replace the Scarborough RT.
The plan would require on average a $45-increase in taxes each year for four years for property owners, business and residential. It would be a tax added to property taxes and dedicated to transit.
Even before seeing the OneCity plan in detail, councillor Denzil Minnan-Wong is criticizing the idea.
"It's a big tax increase," Minnan-Wong says. "This is going to have an impact on a lot of seniors, a lot of young families and it's going to make it more expensive to live in the City of Toronto."
"There are certain councillors that want to keep taxes down and are fighting for working families across this city, and there are others that want to increase taxes," Minnan-Wong says. "I put myself in the former category."
Minnan-Wong says the TTC has a significant amount of waste, "And before they come looking for new money they should look within their organization."
The 30-year plan would ask the province and Ottawa to each cover a third of the costs.