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By Chevron (anonymous) | Posted October 02, 2012 at 09:59:01 in reply to Comment 81296
Paying for regional transit expansion will require the public to support allocating income and sales taxes to the cause, says a new report by the City of Toronto.
While there’s little appetite for raising taxes these days, income and sales taxes collected GTA-wide can generate large sums to put toward Metrolinx’s $50 billion expansion plans, it says.
The report recommends that Toronto officials conduct public consultations and report their findings by next spring.
The document, to be reviewed by council’s executive committee next week, says income taxes collected across the GTA could yield $1.4 billion annually for regional transit expansion, while a 1 per cent sales tax would chip in another $1.3 billion.
http://www.thestar.com/printarticle/1265179
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