TORONTO, Ont. – The City of Toronto wants to hear from its residents on monetary ideas that could help fund expanded transit lines across the GTA.
A report to city council recommended 10 different methods to raise the $2-billion a year needed to pay for the expansion.
The options include highway tolls, a fuel tax, and a one per cent hike in income, property or sales taxes. The recommended highway toll is 10-cents per kilometre.
City council will debate which method — or mix of methods — it prefers, and then sometime in 2013, forward that to provincial authorities who will decide what to do.
Work has started on Spadina subway extension
City seeks public input on ways to fund transit expansion
Carl Hanstke and 680News staff
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