Stephen Rees's blog

Thoughts about the relationships between transport and the urban area it serves

Fed gas tax pledge aids TransLink

with one comment

Richmond Review

This somehow got missed by the media I saw on budget day but it is important. The transfer of federal gas tax revenue will now be a permanent policy. It is currently worth $49 a year and will grow to $123m by 2010. Which is not a trivial sum.

Written by Stephen Rees

February 28, 2008 at 9:22 am

Posted in transit

One Response

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  1. I think this is a positive step away from the ad hoc, though valuable, transit funding we have seen in recent years. I would like to have seen a lot more for transit in the budget but this is tangible and it is worth more than twice what the fare hike brought in. Hopefully the $66 million the Feds promised the Evergreen Line will be handed over in short order and work can begin on shoring up the missing $344 million and actually building the thing. Lastly, I hope that after the initial five years the funds from the carbon tax are plugged into transit projects and household efficiency incentives instead of tax cuts.

    Incidentally, I believe the current value of the Federal Gas Tax transfer to Translink is valued at $49 million, as opposed to $49.

    David G

    February 28, 2008 at 9:48 pm

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