Jeff Yurek, Minister of Transportation announced that the province is giving $364 million in gas tax funding to 107 municipalities that provide public transit service to 144 communities across Ontario. These communities represent over 92 per cent of Ontario’s total population.

“We are investing in public transit to make it a more convenient travel option and to attract more riders,” said Yurek. “More public transit will cut through gridlock and get people moving.”

Funding for Ontario’s gas tax program is determined by the number of litres of gasoline sold in the province. The program provides municipalities with two cents per litre of provincial gas tax revenues. Municipalities receiving gas tax funding must use these funds towards their public transit capital and/or operating expenditures, at their own discretion, including upgrading transit infrastructure, increasing accessibility, purchasing transit vehicles, adding more routes, and extending hours of service.

“Our government is working to make life better for the people of Ontario. Through Ontario’s gas tax program, the City of Toronto will receive $184,994,655 in funding this year to improve transit projects such as the TTC,” said Yurek. “This investment will help improve the daily commute for many who use the TTC to get around Toronto every day.”

The share that each municipality receives under Ontario’s gas tax program is based on a formula of 70 per cent ridership and 30 per cent population. These funds serve both the needs of large and small municipal transit systems.

Municipalities that contribute financially to public transit services are eligible for funding. Municipalities not currently providing transit can become eligible for funding if they start up fully-accessible transit services.

LEAVE A REPLY

Please enter your comment!
Please enter your name here