There are two current detailed reports on transit: the Metrolinx Investment Strategy and the Transit Investment Strategy Advisory Panel Report, each recommending various funding options for transit. The funding from these options is to be dedicated to transit and for no other use:
(a) capped increases to gas and fuel taxes from 0.05-0.10 cents/L
(b) a modest increase in Corporate Income Taxes
(c) transfer of a portion of the HST on gas and fuel
(d) increase Development Charges to fund transit
(e) pay-for-parking at transit stations
(f) use of municipal borrowing capacity and debt at a debt-to-revenue ratio of 2.5 to 1, and applied to debt retirement upon completion of projects
(g) federal government investment.
I would support some reasonable configuration of any of these funding options. We cannot get the City moving without funding.
There are ‘money’ trees, but they grow leaves, not money.