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Metrolinx Releases Investment Strategy - Funding Tools for Transit and Road Improvements in the GTHA

Jun 05, 2013

On 27 May 2013, the Metrolinx Board of Directors adopted an Investment Strategy, which proposes a series of recommendations to the Province of Ontario and the municipalities for funding and supporting “The Big Move”, the regional transportation plan for the Greater Toronto and Hamilton Area.  Metrolinx is recommending the following investment tools:
 

  • 1% increase to the HST
  • 5 cents/litre regional fuel and gas tax
  • business parking levy on all off-street non-residential parking spaces (average 25 cents per day per space)
  • amendments to the Development Charges Act to remove current limitations on using development charges to fund transit (average 15% increase)

Author(s): Yvonne Choi

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