TOareaFan
Superstar
And remember, the $8.1 Billion total is only what Toronto will be paying. All these projects in total, with funding from all levels of government will cost somewhere around $27 Billion. Metrolinx/Ottawa is planning to pay $19.3 Billion which covers the DRL (Part A), Finch West LRT (Centennial to Yonge), Yonge subway extension, Spadina subway extension, and Eglinton Crosstown to Pearson in addition to current TC routes.
So, let's assume that Metrolinx gets its revenue/tools for its proposed spending......assuming they find a way to equitably split where they raise the money, about half of those revenue tools would be raised from Toronto (plus/minus here but Toronto's population is about half of the total population that Metorlinx covers)....are you suggesting that on top of the half of Metrolinx' revenue that Toronto taxpayers provide they will kick in another $8B of direct Toronto taxation?
Where is the Ottawa money coming from? Aside from the portion of the gas tax that Ottawa sends to municipalities, what funding has the federal government committed to?