May 27, 2013
By Bob Sheppard
Ontario’s transportation agency is recommending a five-cents a litre gas tax and a one percentage point increase in the sales tax to help fund public transit in the Greater Toronto and Hamilton area.
They’re among four new fees Metrolinx is proposing in a report Monday to raise $2 billion a year for transit.
They include a 25 cents per day business off-street parking levy and a 15 per cent increase in development charges.
Metrolinx says the increase in the H-S-T to 14 per cent from the current 13 per cent would require federal approval and bring in $1.3 billion a year.
The agency says the gas tax and H-S-T hikes would cost the average household in the region about $477 a year.
Metrolinx is also recommending other tools, such as paying for parking at Metrolinx stations and so-called high occupancy toll lanes.
To learn about advertising opportunities with Zoomer Radio use the link below: