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It shows the per-rider subsidy of major North American and Canadian transit systems — that is, the amount of money per passenger that the government chips in to fund the system over and above what those passengers pay in fares. Chicago’s is $2.04, Boston’s $2.12, Los Angeles’ $3.00, New York’s $1.52 — and those numbers are in U.S. dollars, so you can bump them up about a third to figure Canadian equivalents. Closer to home, Vancouver’s subsidy is $1.86 per rider, Calgary’s $1.69, York Region’s $4.56. And then there’s Toronto: 90 cents per rider.
Toronto Mayor John Tory is set to endorse a controversial introduction of road tolls on the Gardiner Expressway and Don Valley Parkway to raise $300 million a year for his cash-starved government, the Star has learned.
Premier Kathleen Wynne is slamming the brakes on Toronto Mayor John Tory’s plan to toll the Don Valley Parkway and the Gardiner Expressway by pledging additional transit funding, the Star has learned.
Wynne is to announce Friday at a Richmond Hill bus yard that the provincial government will not give Toronto council permission to impose the levies on the two city-owned highways.
At the same time the premier will outline “hundreds of millions of dollars” in new money annually for municipalities with public transit systems.
“We’re trying to help people get ahead and stay ahead — even a toll of $20 more a week is not affordable for Ontario families,” an official confided.
originally posted by: Kukri
So the Province and Fed should fund Toronto's public transit? I live in Gananoque why the hell should I pay extra taxes so you can take a GoTrain to work? How about all the peeps that pay $25+ a day to park use the PT system and put that money into a fund for their fancy new lines.
We don't even have a single bus in my little town! Maybe you wouldn't mind paying for one so I can go bar hopping and hit the casino on a Saturday afternoon.
“Yeah, it’s great that resources are there to be exploited. But we’ve got to keep our eye on that comprehensive wealth bottom line and make sure that it’s growing along with GDP. The story in the report is that it hasn’t been growing at the same rhythm as GDP — nothing even close to the same rhythm, actually.” Governments need to examine whether they are getting enough rents from oil and gas development, said Vaughan, and how to use those revenues in the difficult policy fields of human capital. They include education, innovation, infrastructure and productivity gains — the kinds of headache-inducing policy areas that have bedevilled Canadian governments for two decades. With the global community committed to a low-carbon future, the comprehensive wealth report highlights the vulnerability of the country’s dependence on fossil fuels driving GDP. “Unless Canada makes those investments in the human capital to make that bridge, we’re going to be left behind — and then this imbalance we’ve seen will only increase,” said Vaughan.
originally posted by: ipsedixit
a reply to: InTheLight
"Roll out the barrels!"
I'm glad the good times are here. The mayor obviously needs to relax. I wish I'd known the secret of increasing profits when I had my lemonade stand as a kid. I should have been charging $20 a glass.
Sources say the 80-page platform would have the provincial government assume financial responsibility for the Toronto Transit Commission’s subway network, leaving the buses and streetcar lines to the city, if the Conservatives topple Premier Kathleen Wynne’s Liberals on June 7.
Tories believe the uploading promise — similar to one made by former PC leader Tim Hudak in the 2014 election — will be more popular with voters now that the subway extends into Vaughan and has become more of a regional transportation utility.
With direct provincial control, a PC administration could expedite the TTC’s planned downtown relief line along Carlaw Ave., ensure completion of the controversial Scarborough subway and extend the Yonge line to Richmond Hill.