News

 

Premier announces plans to move around funding to pay for transit

Wynne says new revenue tools will be in the budget...

The premier gave a peak into how she will pay for transit expansion in the GTA at a Toronto Region Board of Trade Luncheon. 

Kathleen Wynne says she'll move existing revenue around. Wynne says the province would re-direct seven and a half cents of the existing gas tax to a transit fund. She says that's on top of the two cents already given to municipalities. 

Wynne revealed the province will also take the existing HST that's collected off of gas to build transit, highways and roads. 

These two moves would bring in a total of over $1.3 billion a year. 

The premier also pointed to previously announced high occupancy toll lanes and Green Bonds as ways to bring in more cash. 

As for new revenue tools, Wynne says that will be outlined in the budget. 

This is all to pay for the $50 billion, 25-year Big Move transit plan. 

Wynne says the province needs to rake in $29 billion over the next decade alone. 

Leave a comment:

showing all comments · Subscribe to comments
Comment Like
  • 26
  1. don was right posted on 04/14/2014 01:24 PM
    Simply rearanging teh deck chairs on the titantic wont help. She must resign. NOW and take that twit Sousa who wouldn't even have a seat if not for the gas plant scandal with her.
    1. Sonny posted on 04/14/2014 03:40 PM
      @don was right The PCs would have closed the plant at a greater cost after the election! What does Hudak have to fund it?
  2. KarenW_5 posted on 04/14/2014 01:44 PM
    Can somebody answer why it is the drivers of this province that are going to pay the bulk of the costs of the transit. Why can't they charge the person riding the TTC in Toronto to pay more than they are now. The rates are ridiculously low for a city that size. Maybe they should get there house in order first.
    1. Dawn posted on 04/14/2014 04:12 PM
      @KarenW_5 The riders of TTC pay close to 75% of the operating costs. Ford/Stintz has raised the fares 3 times.
    2. don was right posted on 04/14/2014 09:39 PM
      @KarenW_5 let the TTC rider spat 100 pct, especallt those that live outside Toronto. Why shoudl THEY get a free ride? And yes, their buses roll on the same roads as the cars
  3. Ken posted on 04/14/2014 02:18 PM
    "Moving the money around?"

    The most corrupt government in Canadian history have proven experts at "moving the money around".

    Wynne is making her mentor, Pinocchio McGuinty look like an amateur lier.

    God help this province.
  4. arthur posted on 04/14/2014 02:36 PM
    i like Rob Fords transit plan. private people, corporation and business will gives us money. won't cost the taxpayer anything. Let's do it!
    1. HP posted on 04/14/2014 03:57 PM
      @arthur Ford is wrong on this one. Like the 407, any time private money is used to fund public projects it ends up costing the taxpayers a lot more. Corporate needs a return on investment, governments are non-profit, even operate at a loss to ensure that all citizens have fair access.

      The poor can't drive on the 407, they won't be able to use public transit if the corporations need to make a profit for their shareholders.
    2. Fact Provider posted on 04/14/2014 04:09 PM
      @arthur What Ford plan ???
      He bragged about getting private money involved - failed completely - and then went on bended knee to the 2 upper levels of government.
  5. Scrappy posted on 04/14/2014 06:00 PM
    I guess the old saying that BS baffles brains is true, judging by the speed talking by Glen Murray on the Wynne plan.
  6. Scrappy posted on 04/14/2014 06:25 PM
    I guess the terminology I used to describe the Glen Murray response regarding Wynne plan was not acceptable so I will just say his speed answer was supposed to baffle brains.
  7. Walter posted on 04/15/2014 12:56 PM
    For 4 years the Liberals have been saying the only way to fund transit is by new revenue tools (taxes). Hudak said they could re-allocate money.
    Now Wynne says she will not raise taxes but will re-allocate money.
    So are the Liberals lying now, or where they lying before? Also, why did Wynne and the Liberals waste the last 4 years talking about taxes instead of transit?
  8. Angry Bill posted on 04/16/2014 09:42 AM
    Um.. hello? These are "campaign promises". LIBERAL campaign promises. I know Ontario voters are notoriously stupid, but even Ontario voters must have some recollection of how many campaign promises the liberals actually keep after you vote them back in. And don't care. You'll just vote them in again anyway. That being said, why do you even care what they promise if you know they're not going to deliver, and you'll vote them in anyway?

    It's funny, a liberal campaign promise being debated as if it'll actually happen.
    1. arthur posted on 04/16/2014 10:08 AM
      @Angry Bill sounds more realistic to me than Hudaks stupid idiotic non plan that the future people that will get jobs with his million jobs program will pay for transit with their income tax.
showing all comments

Your GTA

Sign Up For Breaking News Alerts

Becoming a member only takes 60 seconds! Members get access to exclusive information and products that non-members do not, including concert ticket presales, trips, advance notice on upcoming entertainment events, movie screening passes, music giveaways and more!

Login with Facebook

Stay connected 24/7! Receive breaking news and programming alerts right to your inbox. CLICK HERE to sign-up.

Today's Poll

Sunwing Airlines rescheduled the flight to Panama that had to return to Toronto over a bomb threat. Would you get back on the plane the same day?

Voting is restricted to one vote every 24 hour(s) VoteResults

Top Stories

Facebook

Twitter