TORONTO — Ontario municipalities with public transit systems are receiving an additional $120 million in funding this year.
The Ontario government provides those communities with two cents per litre of the provincial gas tax revenue it collects.
But this year, the government is topping up the funding with the additional cash to make up for reduced gas sales during the COVID-19 pandemic.
- B.C.’s deficit forecast up $450M to $13.8B after calculation errors on gas royalties
- TC Energy urges co-operation on growing natural gas network to meet ‘generational’ demand
- Manitoba offers to waive sales tax on major Port of Churchill investments
- New Brunswick aiming to attract $30 billion in investment at Toronto summit
The 107 municipalities will be receiving more than $375 million in total.
Get breaking National news
Transportation Minister Caroline Mulroney says the gas tax funding allows municipalities to operate and expand public transit systems that people rely on for work and essential trips.
About half of the funding goes to the city of Toronto.
Comments
Want to discuss? Please read our Commenting Policy first.