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: 

High Potential

Sales Tax

Fuel Tax

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:

Medium Potential

Development Charges

Land Value Capture

Vehicle Kilometers Travelled (VKT) Fee

Highway Tolls

Details on the individual funding tools can be found here

 

John Best had enjoyed a lengthy media management career, in television and radio and now print. As Vice President, News at CHCH in Hamilton, John oversaw a significant expansion of the news operation. He founded Independent Satellite News, Canada’s only television news service providing national content to Canadian independent TV stations. John is a frequent political commentator on radio and television, a documentary producer and author of a book and numerous articles on historical and political subjects. John is a past recipient of the New York Festival’s award for writing in the International TV category.

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