Quote:
Originally Posted by WarrenC12
The most obvious source of revenue that should be devoted to public transit (particularly large capital projects that are electric powered) is the carbon tax. $150-$200m/year and increasing until 2012. If that was earmarked for capital projects, I think it would solve the funding gap for all of the major plans over the next 20 years.
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The problem is that's not exclusive. A lot of that money is earmarked towards income tax decreases. As well, it's a province wide tax, meaning at least half would have to go towards projects outside Metro Vancouver. And income taxes would need to be raised to maintain service levels in other ministries that that money is already going to.
We run a pretty tight budget (provincially and municipally), if we want to spend more on capital projects (and don't get me wrong, I really do want to spend more on capital projects) we would still need to levy taxes somewhere else. I like the idea of having a dedicated stream of money being spent on Green Infrastructure province wide (Victoria could use some LRT and Kelowna some rapid buses), but overall taxes would still need to go up if we want to spend more money, or cuts need to be made somewhere else.