By Amanda Hewson
February 3, 2017
A boost to the existing gas tax program in Ontario will have municipalities seeing more money coming from the pumps to put towards transit projects.
Currently, municipalities receive two cents per litre, but starting in 2019, will an increase to four cents per litre by 2021.
The Region of Waterloo has received an average of about $9.6 million per year in gas tax funding, but could see its funding increased to $12 million in 2019-20, $14.4 million in 2020-21, and $19.2 million in 2021-22.
This funding as well as additional funding, goes directly towards transit projects.
“The Province committed last year to a $43 million transit hub that’s going in at King and Victoria. We’ve committed to all day, two way GO Train service that’s going to start in 2024,” says Kitchener-Centre MPP Daiene Vernile.
“Other transit announcements, we have a new highway that’s being built between Kitchener and Guelph, the new Highway 7. So there has been $1.1 billion in transit investments in Waterloo Region alone since 2003.”
Good news for drivers, as the enhancement to the gas tax program will not see taxes rise at the pump.