HomeNational

Federal Finance Minister Oliver announces renewed gas tax fund for Ontario cities

By: The Canadian Press

 | Jul 12, 2014 - 6:09 PM |
Mayor Rob Ford, right, sits with Federal Finance Minister Joe Oliver during the announcement of a renewed Federal Gas Tax fund at a TTC transit yard in Toronto on Friday, July 11, 2014. The fund will enable investment in public infrastructure across the Province of Ontario. THE CANADIAN PRESS/Chris Young

Mayor Rob Ford, right, sits with Federal Finance Minister Joe Oliver during the announcement of a renewed Federal Gas Tax fund at a TTC transit yard in Toronto on Friday, July 11, 2014. The fund will enable investment in public infrastructure across the Province of Ontario. THE CANADIAN PRESS/Chris Young

More than $8B will flow to province over the next 10 years

 TORONTO - The federal government announced Friday that more than $8 billion will flow to Ontario municipalities under a renewed gas tax fund.

Federal Finance Minister Joe Oliver joined Toronto Mayor Rob Ford to mark the 10-year extension of the agreement.

Oliver says by enshrining the commitments in legislation, municipalities are ensured an ongoing source of funding for their infrastructure priorities.

He says the government has also doubled the number of eligible investment categories so municipalities can apply their gas tax money to a wider variety of projects.

Ford, who did not stay at the announcement to take questions, spoke of how gas tax money has been used for transit infrastructure in Toronto, including helping increase the system's fleet size.

Ford, who has been a vocal proponent of subways, touted improvements to the trains, planned subway extensions, new buses and accessible transit options but did not mention new streetcars, which are due to be rolled out starting in August.

Reader's Feedback

NorthernLife.ca may contain content submitted by readers, usually in the form of article comments. All reader comments and any opinions, advice, statements or other information contained in any messages posted or transmitted by any third party are the responsibility of the author of that message and not of NorthernLife.ca. The fact that a particular message is posted on or transmitted using this web site does not mean that NorthernLife.ca has endorsed that message in any way or verified the accuracy, completeness or usefulness of any message. We encourage visitors to NorthernLife.ca to report any objectionable content by using the "report abuse" link found in the comments section of this web site. Comment Guidelines


comments powered by Disqus

Most Popular

Local Business Directory