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New Transit Funding Sources

Ah, now i understand. the province originally wanted a PPP, but there was a bit of a freak out a year or two ago about it and they switched to the AFP.
 
Isn't this report a little premature considering no one - including Wynne - has put out a funding plan? For some reason Wynne appointing panels who muse about various funding sources is akin to her actually putting out a plan. Odd she's given a free pass, but somehow Horwath is criticized for a supposed lack of plan.
 
dob467 said:
Isn't this report a little premature considering no one - including Wynne - has put out a funding plan? For some reason Wynne appointing panels who muse about various funding sources is akin to her actually putting out a plan. Odd she's given a free pass, but somehow Horwath is criticized for a supposed lack of plan.
Click to expand...

In fact, Wynne now has had two plans for funding presented to her government (Metrolinx' and Golden Panel) and acted/opined on neither.
 
I bet you they do something with corporate taxes....say that gas/hst/toll changes warrant further study....and give the NDP an excuse to prop them up again....in other words....nothing!
 
well lets see. Murray has been bragging about $34 billion in new funding on twitter recently so I doubt they are cutting back total spending.
 
innsertnamehere said:
well lets see. Murray has been bragging about $34 billion in new funding on twitter recently so I doubt they are cutting back total spending.
Click to expand...

Must have missed that.....I scan his twitter ocassionally and don't recall any recent discussion of it. Like you said, we will see.
 
TOareaFan said:
I bet you they do something with corporate taxes....say that gas/hst/toll changes warrant further study....and give the NDP an excuse to prop them up again....in other words....nothing!
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Andrea Horwath is being extremely vague on what "corporate taxes" are for. General revenues or GTHA transit?

My guess is the Wynne government will keep the tax on a few very rich people in place and raise corporate taxes half a point. But they can't be the only revenue tool. Will that be enough for Andrea "no taxes on anybody we know" Horwath?
 
King of Kensington said:
Andrea Horwath is being extremely vague on what "corporate taxes" are for. General revenues or GTHA transit?

My guess is the Wynne government will keep the tax on a few very rich people in place and raise corporate taxes half a point. But they can't be the only revenue tool. Will that be enough for Andrea "no taxes on anybody we know" Horwath?
Click to expand...

The surtax on incomes over $500k was brought in to fight the deficit and was always intended to stay until the budget is balanced......if that money (and it's not a lot) is redirected to transit in advance of there being a balanced budget it is the same as government using the old fashioned way of financing transit......borrowing.
 
TOareaFan said:
... it is the same as government using the old fashioned way of financing transit......borrowing.
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For better or worse, this is what the Conservatives intend to do as well so it seems a safe route for Wynne to take for now.

Some of the biggest push back from new taxes in Toronto is actually from outside the GTA. Oddly, they don't seem to have a problem with general revenues (income/sales/... taxes) covering the cost as proposed by Hudak. They do seem to see the point in building some of the projects.
 
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Protecting Ontario's Middle-Income Earners
http://news.ontario.ca/opo/en/2014/03/protecting-ontarios-middle-income-earners.html
Ontario Government Will Not Increase the HST or Gas Tax
March 13, 2014 10:45 a.m.Office of the Premier

Ontario will move forward with a robust transportation and transit infrastructure plan. That plan will not include increases in the gas tax, HST or personal income taxes aimed at middle-income earners.

Building new transit and new and expanded highways, roads and bridges is important to all Ontarians and essential to the province's short- and long-term economic growth, and job creation plan.

The Ontario government will continue to help people in their everyday lives, especially middle-income families, through measures that include: an increase in the minimum wage to $11 an hour effective June 1; a 30% post-secondary tuition grant; full-day kindergarten, which saves parents up to $6,500 per child; and a plan to lower auto insurance rates by 15% on average.

Since 2003, the Ontario Government has made significant investments in transit, roads, bridges, hospitals and schools. Highlights include:

  • More than 7,900 kilometres of roads and more than 950 bridges built or re-built;
  • 10 new GO Train stations and two replacement stations built;
  • 23 new hospitals built or underway and 12 major hospital projects currently under construction;
  • Nearly 650 new schools opened, planned or under construction, and 27,000 repairs to roofs, windows and boilers.
  • Assisting Ontario's families is part of the government's economic plan to create jobs for today and tomorrow. The comprehensive plan and its six priorities focus on Ontario's greatest strengths - its people and strategic partnerships.
 
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waterloowarrior said:
Protecting Ontario's Middle-Income Earners
http://news.ontario.ca/opo/en/2014/03/protecting-ontarios-middle-income-earners.html
Ontario Government Will Not Increase the HST or Gas Tax
March 13, 2014 10:45 a.m.Office of the Premier

Ontario will move forward with a robust transportation and transit infrastructure plan. That plan will not include increases in the gas tax, HST or personal income taxes aimed at middle-income earners.

Building new transit and new and expanded highways, roads and bridges is important to all Ontarians and essential to the province's short- and long-term economic growth, and job creation plan.

The Ontario government will continue to help people in their everyday lives, especially middle-income families, through measures that include: an increase in the minimum wage to $11 an hour effective June 1; a 30% post-secondary tuition grant; full-day kindergarten, which saves parents up to $6,500 per child; and a plan to lower auto insurance rates by 15% on average.

Since 2003, the Ontario Government has made significant investments in transit, roads, bridges, hospitals and schools. Highlights include:

  • More than 7,900 kilometres of roads and more than 950 bridges built or re-built;
  • 10 new GO Train stations and two replacement stations built;
  • 23 new hospitals built or underway and 12 major hospital projects currently under construction;
  • Nearly 650 new schools opened, planned or under construction, and 27,000 repairs to roofs, windows and boilers.
  • Assisting Ontario's families is part of the government's economic plan to create jobs for today and tomorrow. The comprehensive plan and its six priorities focus on Ontario's greatest strengths - its people and strategic partnerships.
Click to expand...

So....no plan for the $2B a year they said they needed to raise for this robust transportation plan?
 
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