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Transcript of Transit
Transit/Infrastructure Proposals
By: Paul Young, CGA
Federal Transfers to Ontario
Gas Tax Funds to Ontario
Ontario Capital Funding
Ontario Liberal Transit Tax Force
Ontario Liberal Transit Tax Force
Ontario Liberal Transit Tax Force
Ontario Liberal Transit Tax Force
PCs –vs- Liberal proposals
PC – Hudak Plan
• Assumptions– Selling excess building site, i.e. $50B @ 4%
rate of return– Downsizing the 630 department by 10% or
annual savings 1.2
PC – Hudak Plan
• Concerns– Getting proper value for the buildings– The ability of the PCs to re-work government
departments to eliminate costs. – The ability of the government to hold the line
on expense growth, i.e. salary settlements, pension funding, etc
– PC plan does not deal with infrastructure GAP with the municipalities. There needs to be a plan to deal with this issue
Liberals – Wynne Plan
• Concerns– Gas Taxes will not impact vehicle driving
habits– Corporate tax hike will not influence how
companies invest in Ontario– Hiking the PST portion of HST will not impact
consumer spending
Overall Tangible Capital Assets
• Concerns – Trade/Economic– Exports are to low by 25%. Current rate of
exports is 488B. So, actual exports could be 112B.
• More exports required capacity, i.e port, rail, road expansion
Overall Tangible Capital Assets
• Ontario Municipalities Issues
Overall Tangible Capital Assets
• Ontario Municipalities Issues
Overall Tangible Capital Assets
• Ontario Municipalities Issues
Overall
• Both Hudak and Wynne’s Plan– There are many concerns with both taxation and
selling off of assets and/or other issues• Wynne’s plan of strictly tax will hurt the economy as gas tax
could force costs of everything up as transportation costs are added into the supply chain
• Selling off of assets by Hudak is not sustainable and there is no guarantee that the government does not try to use the funds for something else and loses the investment income.
• TTC may also need to raise fares similar to under subway systems in the world
• Property taxes and/or development fees may also be an answer as possible solution for revenue shortfalls. No analysis was done on those areas. Neither the Liberals nor PCs have discussed a made in Toronto solution as part of the overall transit plan