Leading Mobility released a new report called "This is the End of the Line," warning that transit agencies across Canada will have to implement other revenue tools to maintain existing transit service without increased funding from provincial and federal governments.
"Based on the operating revenue shortfall identified in this study, a Vehicle Levy would likely generate moderate revenue for OC Transpo," the report says. "A Vehicle Levy would add minor cost pressures on drivers while also raising transit revenue that could be used to increase service levels," the report says, adding Ottawa could implement a levy targeting a specific type of vehicle such as large SUVs or a light pickup truck.
According to the report, an off-street parking space levy of $50 could generate $101.7 million a year in revenue for OC Transpo. The report also recommends Toronto implement a non-residential off-street parking levy and Montreal impose a Vehicle Kilometres Travelled Tax, which would charge road users directly for congestion and roadway costs.
More than two years after British Columbia-based Paper Excellence, owners of Northern Pulp – the idled pulp mill in Pictou County – filed a lawsuit against the Nova Scotia government, the two parties have reportedly reached a settlement agreement.A Toronto man who won $70 million in a recent Lotto Max draw literally fell off his chair when he saw the funds in his bank account.
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Source: ctvottawa - 🏆 29. / 67 Read more »