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New Transit Funding Sources

I found this map of whose paying property taxes in Toronto quite interesting.

A ward-by-ward breakdown of property taxes in Toronto

Where is the ratepayers association of Midtown, Downtown, Central North York and Central/Southern Etobicoke got to say about our use of property taxes for the Scarborough Subway, an extension with terrible business-case?

That central spine that funds this city are also the wards that most benefit from the Relief Line Long, that has an excellent business-case, and relieves crowding on the Yonge line.
 
It'd be much more interesting if it showed per capita or per household figures. Saying less populated areas generate less revenue is obvious. Also obvious? That the subway has boosted density along Yonge. And that would be the argument for anyone that wants a subway (not just Scarborough).
 
Slush fund in the making? Globe article.
Bill raises doubts about independence of infrastructure bank

New legislation creating the Canada Infrastructure Bank will hand power over some of the bank’s decisions to the federal cabinet, raising the issue of how independent it actually will be.

C-44, an omnibus budget bill that Finance Minister Bill Morneau tabled this week, outlines how the government will appoint a board of directors for the bank. It also describes the board’s powers to make decisions on infrastructure investments.

The government describes the bank as an arm’s length Crown corporation, but the legislation indicates the board will need cabinet approval for decisions such as loan guarantees.


“Right now as written, there could be questions about independence,” said Benjamin Dachis, associate director of research at the C.D. Howe Institute, who has been studying the infrastructure-bank proposal.

The Liberal government promised to launch the bank this year with a $35-billion budget. Its purpose, according to the new bill, is to attract private-sector investment in Canadian infrastructure projects that will generate revenue and be in the public interest.

The federal government recently appointed Bruce McCuaig, former president and chief executive officer of the Ontario transportation agency Metrolinx, and former Ontario Teachers’ Pension Plan CEO Jim Leech as advisers in the process of establishing the bank’s structure.

Mr. Dachis said that when the bill is studied in committee, MPs should ask how the bank would manage potential tension between the priorities of institutional investors looking to work with the bank and those of political leaders.

“The really big question that I don’t really see [answered] in the legislation is striking the appropriate balance between the democratic oversight of the infrastructure bank’s spending decisions with the independence necessary to make sure that this bank is going to be critically evaluating project business cases,” he said.

The legislation gives cabinet the power to remove or suspend any director of the bank after consulting the board. Mr. Dachis said that makes board members less independent than directors of the Canada Pension Plan Investment Board, who can only be terminated with cause.

“The question becomes: ‘Is that the right model?’” he asked. “Do they want the board to be as independent as the CPPIB board? There are pros and cons.”

Brian DePratto, a TD Bank economist who has also studied the proposed bank, said that at first glance, the degree of independence appears to be appropriate.

“On balance, there is a lot to like here,” he said, describing the legislation as a good trade-off between bank flexibility and government oversight.

However, critics of the bank say the legislation confirms their concerns that private investors will be rewarded at the expense of the public interest.

“The government has provided no research or analysis that an infrastructure bank can provide infrastructure investment at lower cost than the government can,” said Scott Clark, a former Finance Department deputy minister who now writes about public finance. “What analysis exists suggests that there is no clear-cut answer.”

Some Canadian institutional investors, including leaders of the largest pension funds, have expressed cautious optimism that the infrastructure bank will provide attractive investment opportunities. Many pension funds invest in infrastructure around the world, buying up toll roads, power transmission lines and airports as they search for stable, higher-yielding assets in an environment of low interest rates.

But these executives are also fond of saying the “devil will be in the details” when it comes to how the infrastructure bank is formed. Potential investors are still looking for clarity on which types of deals the bank will support, the size of potential investments and the process for proposing new projects, among other things.

These leaders have said the independence of the bank is crucial to inspiring investment confidence, particularly because infrastructure building and ownership can span many political cycles.

NDP MPs dismissed the plan as a “privatization bank” and noted that the budget bill also moves up the timeline for raising the threshold on what purchase price will trigger a federal review in foreign takeovers of Canadian companies.

The Investment Canada Act currently sets $600-million as the threshold. That was scheduled to increase to $1-billion in 2019. The March 22 budget announced it would happen this year.

“Some Canadians will be concerned that their local airports, ports and other public assets will be on the auction block without proper oversight,” NDP MP Nathan Cullen said.


 
It'd be much more interesting if it showed per capita or per household figures. Saying less populated areas generate less revenue is obvious. Also obvious? That the subway has boosted density along Yonge. And that would be the argument for anyone that wants a subway (not just Scarborough).
Except that argument has absolutely zero basis in transit planning.

You build transit where there is demand for transit.
 
From The Star, at this link:

TTC gets mock award for ‘least funded’ transit system

Transit advocates respond to Toronto agency being named North America's best earlier this week.

ttc-award.jpg.size.custom.crop.1086x724.jpg

Activists with TTCriders present the TTC with a mock award for being North America's "least funded transit system" on June 29, 2017. (Ben Spurr / Toronto Star)

Members of an advocacy group descended on city hall Thursday to present the TTC with a mock award for being the “least funded” public transit system on the continent.

The stunt was in response to the announcement, made Monday by TTC CEO Andy Byford, that the American Public Transportation Association (APTA) had named the TTC its transit agency of the year.

The APTA award provoked incredulous reactions from many Toronto transit users, who complained that their daily experience of overcrowded vehicles and frequently delayed service leaves much to be desired.

“We would love for the TTC to be the best transit system in North America, but quite frankly it’s not. And the main reason why is because our elected officials are not properly funding the TTC,” said Jessica Bell, the executive director of TTCriders, who also recently secured the Ontario NDPnomination for University-Rosedale.

Bell said that the group doesn’t take issue with transit agency workers or the officials who run the agency, but argued that when measured on a per rider basis, the financial subsidy the city gives the TTC is the lowest of major systems on the continent.

Bell also criticized the TTC for implementing fare increases every year for the past six years while not increasing service at the same rate. As the Star reported last November, more than a quarter of the TTC’s bus and streetcar routes regularly exceed the agency’s crowding standards.

“We want better service and lower fares,” Bell said.

The TTC’s approved budget for 2017 was a record high of $1.8 billion, which included a city subsidy of about $545 million. With annual ridership budgeted at 544 million people, the subsidy works out to roughly $1 per rider, its highest level in recent years.

Despite the increase, the per rider subsidy remains lower than that of other North American systems, including Los Angeles ($3 U.S. per rider), New York City ($1.52 U.S.), and Montreal ($1.16).

At Monday’s announcement, Byford said that APTA had given the TTC the award because of the five-year modernization plan that he implemented upon taking over the agency in 2012.

Accomplishments the TTC cited included increased service reliability, “unprecedented capital investment” in new transit facilities, a more positive work culture among employees, and the introduction of new buses, streetcars, and subways.

A statement released by Mayor John Tory’s office Monday noted that in 2015 he and TTC chair Josh Colle announced $90 million in funding to restore service that had been cut under the previous administration. The statement also said that the 2017 net budget for the TTC and WheelTrans was $80 million higher than the year before.

After a brief news conference outside Tory’s office, TTCriders gave the mock award to one of his staffers, who took it inside.

We can dispense with having the streetcars stop at each and every track switch, by replacing them with state-of-the-art switches.
Sorry, it's not in the budget.​

We can speed up and give the buses and streetcars priority by having sensors or GPS activated further from the intersections to change the traffic lights.
Sorry, it's not in the budget.
...
Sorry, it's not in the budget.​

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Sorry, it's not in the budget.​

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Who is this "you" who builds transit where there is demand for transit? Certainly not the City of Toronto.
Well we do, somewhat. Our bus system is pretty fantastic, especially when looked at other North American cities. We drop the ball majorly when it comes to rapid transit.
 
From Twitter:

Ben Spurr‏Verified account@BenSpurr 42m42 minutes ago
Mayor's office says Toronto set to receive $4.8B for public transit from federal gov't. In line with previous estimate of about $5B.

Ben Spurr‏Verified account@BenSpurr 37m37 minutes ago
Feds are stipulating that province must fund at least 33.3% of new projects. Mayor is still pushing for a 40-40-20 fed/prov/city split.

Ben Spurr‏Verified account@BenSpurr 37m37 minutes ago
City's four priority projects are Relief Line, SmartTrack, Eglinton East LRT, and Waterfront transit. That's where money will go.

Ben Spurr‏Verified account@BenSpurr 36m36 minutes ago
However, feds say $4.8B includes $660M already allocated for Scarborough subway. City's position is that should be separate.

AoD
 
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