[M II A II R II K]

Transportation Funding Strategy


September 24th, 2012

PDF: http://www.toronto.ca/legdocs/mmis/2...file-50609.pdf

The report from the Expert Advisory Panel regarding transit on Sheppard Avenue East described various funding options for that project. In response, Council directed the City Manager to propose a long term strategy for funding the broader transit expansion plans for consideration in the fall of 2012.

The options strategy contemplates a variety of regional taxes and fees by the Province via Metrolinx dedicated to transportation system expansion that could be the basis for funding transit, active transportation, roads and highway infrastructure over 25 years. The options examined in this discussion paper are considered by staff to be the most appropriate and feasible in terms of policy fit, revenue potential, fairness and administrative efficiency.

The options are intended to be the subject of public consultation, and the results brought back to Council for final endorsement and transmitted to Metrolinx for consideration as part of their transportation plan Investment Strategy report due in June 2013.

The transportation funding options outlined here-in, if implemented by the Province through Metrolinx, would increase taxation or fees for the dedicated purpose of investing in required transportation expansion projects identified in the Big Move report. These investments are seen as necessary to mitigate traffic congestion and facilitate continued growth and economic prosperity in the Greater Toronto and Hamilton Area (GTHA).

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