The City of Toronto has completed the first round of negotiations with the province over funding for the Transit Network. Staff will present their updated financial report to a special executive committee meeting Tuesday afternoon for approval prior to the November city council meeting the following week.
The report outlines the funding model for the various elements of the Transit Network, including the amount of money being provided by the Ontario government. As of Nov. 1, the province has offered $3.7 billion for Regional Express Rail (RER) and $7.84 billion for Light Rail Transit (LRT).
The biggest blow to the transit-funding model is that city council will now be responsible for the day-to-day operations or maintenance of the Finch West, Sheppard East, and Eglinton Crosstown LRTs. These are projects that will be built by the province and Metrolinx; yet, Toronto residents will be on the hook for its maintenance.
Aspects of SmartTrack will be covered under the provincial funding; however, it will not be enough. The federal government has said they will make a contribution — but there has been no firm commitment yet. In the meantime, the city will have to come up with other ways of finding revenue to pay for the project, as well as the maintenance and operations of the network once it is complete. This could mean raising property taxes, something the city has promised not to do.
But, why should Toronto residents pay for all of these transit plans when they benefit the GTHA region in its entirety? Maybe the more economically feasible form of revenue can be found in the use of tolls, something that everyone entering and driving in Toronto can contribute to.
If drivers were asked to pay a toll when using the Don Valley Parkway or the Gardiner Expressway, a lot of these funding problems could be solved. First of all, tolls would encourage more people to use the new transit network, thus freeing up the roads and alleviating the insane gridlock Toronto faces on a daily basis. Second of all, the money collected from these tolls could be funnelled directly into a transit fund — to be used in conjunction with the money collected from fares, ect. — to pay for the daily operations of these projects.
On Tuesday’s meeting, staff will be recommending that city council approve the current funding model and authorize further negotiations and agreements with the province, Metrolinx, and other agencies in order to gain extra funding for SmartTrack.
But, I don’t think Toronto should hold its breath. It’s time to come up with some realistic solutions to the transit-funding problem instead of hoping that other levels of government will bail us out. Embracing tolls is the logical solution — but is there someone brave enough to say it on the council floor?
The city has until Nov. 30 to finalize financial arrangements for SmartTrack to keep the provincial deadline.