This morning, Metrolinx announced a list of investment tools it's considering to fund the citys transit expansion. (Piggy bank wasn't on there. Neither was riding a pig. At that point, we decided to stop guessing and just read the report.)
Governments will have to respond, Metrolinx CEO Bruce McCuaig saidat a news conference in Toronto this morning. Metrolinx presented 12 investment options, including: levies imposed on new developments and redevelopments; employer payroll tax; fuel tax; highway tolls; parking space levies; property tax; sales tax; and a transit fare increase.Metrolinx, an agency of the Ontario government, is providing advice on investment tools to the Ontario government and the GTHA municipalities through an investment strategy that will be released June 1, providing final funding options for The Big Move, Metrolinxs regional transportation plan.The region will need $50B, over 25 years.
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