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Toronto Board of Trade looks at new ways to bring in money for GTA transit

(Photo by: Amy Sancetta, Associated Press)

TORONTO, Ont. – The Toronto Board of Trade says drivers and transit riders will have to pay more if they are going to come up with the $2-billion needed annually to expand transit service in the Greater Toronto Area.

A new report from the Board suggests the implementation of a dedicated gas tax, a parking surcharge or charging transit riders a fares that reflect the actual cost of providing the service, to bring in some much need funding to the transit system.

President of the Toronto Board of Trade Carol Wilding told 680News residents in the GTA need to face the reality behind the transit’s financial problem.

“We’re all going to have to participate in paying for this and if we don’t acknowledge that that is the real discussion and the real debate, we’re not going to get on with building it.  We’re not going to get the transit or transportation system we need” said Wilding.

She hopes transit will be the number one priority in the race for mayor of Toronto and says the city needs to get realistic and find away to catch up to the rest of the world and crack down on grid lock around the GTA.

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