The Hamilton Chamber of Commerce has endorsed three of the proposed Metrolinx taxes to fund $2 Billion in annual transit expenditures, as having high potential. They are:
Parking Space Levy
In a release the Chamber said it recognized that the province of Ontario is currently faced with a $300 billion debt and a $10 billion deficit, and therefore it is necessary to discover new ways to fund the infrastructure costs.
Over the past months the Hamilton Chamber facilitated consultation sessions between the community, Chamber members and Metrolinx. Metrolinx will be submitting their recommendations for funding tools to the province later this month.
Four basic principles were identified.t. These principles are; that the new funding is dedicated to new infrastructure projects; that the process is transparent; that the regions receive their fair share of the infrastructure; and that the direct beneficiaries are asked to contribute (User Pay Principle).
Listed as medium potential revenue tools were:
Land Value Capture
Vehicle Kilometers Travelled (VKT) Fee
Details on the individual funding tools can be found here