New Transit Funding Sources

[denfromoakvillemilton]

Probably just another panel to further study it.

Not with the election coming soon.

Huge news! Spadina extension delayed another year

(or new transit taxes)

ehlow with the laughs as always

 

[ehlow]

livestream of Wynne's announcement:
http://www.livestream.com/premierofontario

 

[TOareaFan]

Brian Magee ‏@1BrianMagee 1m

#Toronto #TOpoli Wynne redirects funding for transit & infrastructure. HST on gas, 7.5 cent provincial gas tax dedicated rev. #onpoli

Genevieve Tomney ‏@genevievetomney 1m

In fact, there would be two parallel funds. One of $15B for GTHA and another of $14B for the rest of the province. #onpoli #sl
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Ashley Csanady ‏@AshleyCsanady 1m

Premier also reannouncing plans to use Green Bonds to fund transit - not new revenues but new debt, to be clear #onpoli

 

[denfromoakvillemilton]

2WAD Service is coming, a priority.
2WAD is coming to Waterloo. Four extra peak trips, 2 more to Kitchener and 2 more to Toronto.

29 billion to be spent from 2014-2024
It's called Move Ontrario.

 

[denfromoakvillemilton]

Our plan will be funded by ???

15 billion investment in the GTHA.

This is new money.


Will start this year.

 

[denfromoakvillemilton]

New Plan


New revenue tools
Move revenue from other areas
Money from HST
Debt Financing.

 

[TOareaFan]

Cherise Burda ‏@CheriseBurda 25s

Current menu funding: reallocate 7.5c existing gas tax, reallocate HST from existing gas tax, green bonds asset reinvestment HOT lanes

 

[gweed123]

The split fund between the GTHA and the rest of the Province is excellent news. This is very good for places like Ottawa, Kitchener-Waterloo, etc.

The one question I have is, if the gas tax money is paying for stuff already, how will they pay for those other services, or what will they cut?

 

[innsertnamehere]

15 minute electric GO service on all lines? I thought it was just the lakeshore line? that is VERY new. Hurontario LRT, DRL, Durham BRT, 4 laning All of 17, bringing GO to london, next phase of Ottawa LRT. YAYAYYA

 

[denfromoakvillemilton]

Two separate funds, one for the GTA, one for the rest of the province.

2WAD express rail is priority one
15 minutes service on all lines

 

[ehlow]

GO express rail, electric trains two way all day every 15 minutes. That's what I just heard

 

[TOareaFan]

Kathleen Wynne ‏@Kathleen_Wynne 1m

Over 10 years, we aim to phase in electric train service every 15 minutes on all GO lines we own #moveontforward #onpoli

 

[denfromoakvillemilton]

HSR between London- Kitchener-Pearson and Toronto.
Phase 2 of the Ottawa LRT is a go.

 

[Adjei]

So which programs have to be cut?

 

[gweed123]

Kathleen Wynne ‏@Kathleen_Wynne
Over 10 years, we aim to phase in electric train service every 15 minutes on all GO lines we own #moveontforward #onpoli

That last part is very interesting. Does that include Milton then?