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Ontario government continues with vision for transit investment in latest budget
TORONTO, ONTARIO--(Marketwired – April 27, 2017) – In its first balanced budget since the 2009 global recession, the provincial government reinforced its commitment to public transit in today’s budget. Transit announcements include the re-commitment to doubling the portion of gas tax to municipal transit by 2021-22, as well as a new Seniors’ Public Transit Tax Credit of 15% effective July 1, 2017. Click here to download the press release in PDF format
Ontario Providing More Transit Funding for Cities and Towns Across Province – Portion of gas tax for transit to double by 2021-22 (January 27, 2017)
Ontario is boosting support for nearly 100 cities and towns across the province, providing them with reliable, long-term funding to improve and expand their local transit systems and offer more travel options for commuters and families. Click here for the complete press release.
Enhanced Gas Tax Program - Increasing gas tax fundingBeginning in 2019, Ontario will gradually increase the municipal share of gas tax funds up to a total of four cents per litre in 2021-22. Based on the averages from the past 10 years, gas tax funding is estimated to be about $642 million in 2021-22. There will not be any increase in the tax that people in Ontario pay on gasoline.
Federal government announces historic investment in public transit: $25.3B over 11 yrs (November 1, 2016)
Finance Minister Bill Morneau announced an 11-year federal commitment to invest $25.3 billion in public transit infrastructure across Canada, a sum that exceeds previous commitments from this government.
The Prime Minister of Canada and the Premier of Ontario announce agreement under new federal infrastructure funding program - August 2016
On Tuesday August 23rd, Prime Minister Justin Trudeau, and the Premier of Ontario, Kathleen Wynne, announced a bilateral agreement that will provide more than $2.97 billion in combined funding – by the Government of Canada, Ontario, and municipalities – for projects across the province. Click HERE for the press release. The funding will help maintain and expand Ontario’s public transit systems.
At the AMO conference in Windsor, Premier Wynne confirmed that the intake process for applications for the Public Transit Infrastructure Fund (PTIF) will begin in early September.
Transit on-track in Ontario budget
2016 Ontario Budget Press Release (February 25, 2016)
Public transit in Ontario received a powerful boost today in the budget presented by Minister Charles Sousa and the provincial government. Commitments were seen in both transit innovation and transit funding projects. The budget further confirms that proceeds from Cap-and-Trade projects will be used to invest in public transit – a key recommendation in the OPTA-CUTA pre-budget submission. “We’re pleased to see that transit is a priority investment in the plan to reduce greenhouse gases” says Karen Cameron, CEO of the Ontario Public Transit Association (OPTA).Tweets by @ON_PublicTrnsit