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Premier announces plans to move around funding to pay for transit
Wynne says new revenue tools will be in the budget...
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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. 

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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. 

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