News

 

Premier expected to announce transit funding tools

Wynne is speaking at Board of Trade on Monday

After months of speculation about how the province will pay for GTA transit expansion, Kathleen Wynne is expected to announce her choices for transit funding tools at a speech at the Board of Trade on Monday.

The premier has already taken a few options off the table – a property tax hike, HST increase, a gas tax and an income tax increase for middle income earners. It’s been speculated that she will increase income taxes for high income earners and corporate taxes.

Last month, when Wynne revealed what she wouldn’t do, she wouldn’t comment on who would bear most of the burden for new LRTs, subway expansion and buses. Wynne had said the entire plan would be outlined in the spring budget.

In last year's budget, the minority Liberal government announced a plan to put in place High Occupancy Toll (HOT) lanes to pay for transit. They would act like HOV lanes but you would have to pay for access.

In the fall, the Finance Minister revealed a plan to sell Green Bonds to pay, in part for transit expansion.

The 25-year Big Move plan by Metrolinx will cost $50 billion.

The premier has yet to expand on what income range she considers middle-income, stating repeatedly last month that the "plan to help middle-income Ontarians will be fully laid out in the upcoming Budget." There are four tax brackets in Ontario.

With the NDP long stressing middle-income earners need to be looked after, the premier has denied this decision was to appease the party which has been allowing the government to survive.

Leave a comment:

showing all comments · Subscribe to comments
Comment Like
  • 12
  1. Frankie posted on 04/14/2014 09:33 AM
    This is just more about "we'll take $ 100 from you, waste $ 50, use $ 45 for ourselves, and give you back $ 5 in transit.

    Will Ontario voters ever realize how the Liberals operate or do they like the idea of being guaranteed being lied to, "stolen from" and mismanaged?
    1. Sonny posted on 04/14/2014 11:25 AM
      @Frankie Have you seen Wynne's plan? Miller got $8.4 Billion in funding for Transit City which Ford tried to kill.
      Ford needed $1.4 Billion meant for the Scarborough LRT to get Federal funds and will be raising property taxes for over 30 years to fund the City portion!
  2. Karl Burgin posted on 04/14/2014 10:18 AM
    Hold on to your wallets- I think they just let out a silent scream- or maybe that was me....
    1. The Mentalist posted on 04/14/2014 04:01 PM
      @Karl Burgin Karl Burgin. The answer to a question no one is asking.
    2. Karl Burgin posted on 04/14/2014 04:10 PM
      @The Mentalist Out of what gutter do you guys come from?
      You can't even post anything sensible in response to the ARTICLE. Only attack me- with some silly line.

      Well here's one for you:
      Tell yourself what you need to hear- you're the only one listening.
  3. Ernie posted on 04/14/2014 11:05 AM
    Somehow its still going to come from
    1) car drivers (because transit is for their own good)
    2) business owners (because after all transit is for their own good right!)
    3) higher end earners - those earning more than $60k because they can afford it

    Who WONT be paying are:
    1) transit users - because after all they are all good needy people with no money
    1. Frankie posted on 04/14/2014 11:58 AM
      @Ernie Funding will come from as few Liberal voters as possible, whomever Wynne suspects they may be.
  4. Robert posted on 04/14/2014 12:27 PM
    "After months of speculation about how the province will pay for GTA transit expansion, Kathleen Wynne is expected to announce her choices for transit funding tools at a speech at the Board of Trade on Monday."

    She's then expected to change her mind on tuesday.
  5. john posted on 04/14/2014 01:10 PM
    great more BS . all i hear form this bitch is bluh bluh bluh sucker bluh bluh bluh .
  6. Peter posted on 04/14/2014 01:15 PM
    .
    The photo of Go Train above isn't part of this is it?
    .
  7. Peter posted on 04/14/2014 01:36 PM
    .
    HOV propositions, then High Occupancy Toll (HOT) lane propositions ring a warning bell in my mind.

    At high school, in Economics teaching it is explained that the more rules and regulations that exist constricts economy. Adding new types of lanes is adding more rules and regulations. A healthy motorway would be NO special lanes. The German Autobahn goes even further: No mandated speed limit !


    Making HOV lanes, or HOT lanes, or RAT, TOV, ABC. etc. lanes doesn't fix much.
    Some would say that remove all restrictions and see what happens, . . .probably some positive outcomes.
    .
  8. Flanksteak Bill posted on 04/14/2014 02:19 PM
    You 'con' servatives are such meat heads.

    Go Liberals!

    Make those whiny, suburban car driving morons pay their share!

    Eat it!
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

9 women claim they've been abused by former radio host Jian Ghomeshi without filing a police report. Do women have a moral obligation to report when they are abused?

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

Top Stories

Facebook

Twitter