TORONTO, Ont. – The City of Toronto wants to hear from its residents on monetary ideas that could help fund expanded transit lines across the GTA.
A report to city council recommended 10 different methods to raise the $2-billion a year needed to pay for the expansion.
The options include highway tolls, a fuel tax, and a one per cent hike in income, property or sales taxes. The recommended highway toll is 10-cents per kilometre.
City council will debate which method — or mix of methods — it prefers, and then sometime in 2013, forward that to provincial authorities who will decide what to do.