This afternoon, John Tory announced a new City Building Fund that would raise $13M to $65M per year through property taxes, to be used exclusively for building new transit and housing infrastructure.
We are pleased Mayor Tory has listened to transit riders and wants to raise property taxes to pay for transit infrastructure, but we need assurances this new transit tax will also fund the TTC so riders get improved service, less sardine overcrowding, and more affordable transit immediately. If this new transit tax only funds new transit infrastructure then riders will get nothing for the next eight years.