Quote:
Originally Posted by Klazu
Justin Trudeau was today promising tens of billions of dollars to be spent in the next 10 years in infrastructure project and a lot of it going to fund transit projects. If that would happen, that could secure funding for Broadway Line and possible something else as well.
Anyone buying such promises?
|
Well the problem with this promise is that securing federal funds for transit was not the problem that sunk transit expansion in Metro Vancouver. Transit expansion failed here because of a lack of funding at the municipal level. In Calgary and Ottawa the Conservatives came through with billions for transit expansion. That money is already available.
Presumably future transit projects would continue to follow the 1/3 funded by each level of government system that we see everywhere across the country (ie. Ottawa's new transit expansion) and so the key difficulty remains that municipal governments are incredibly poor, earning just 8 cents for every tax dollar, and cannot afford their share.
The NDP are promising to provide an additional 1 cent from the gas tax to cities. That's not a great deal of money, but it's dependable, reliable money that cities don't have to apply for. We need to be doing a lot more of that, finding ways to give municipalities more steady revenue and restore balance. It makes sense that the notion of moving cash to cities via the gas tax came from Jack Layton originally, as he was a City Councillor and understood cities very well.