https://www.cbc.ca/news/canada/briti...ases-1.7507285
Quote:
TransLink and the B.C. government have announced a combination of tax increases, fare increases and new funding that will end the systemic deficit that has plagued Metro Vancouver's transit authority since the pandemic — at least for the next three years.
News releases issued by the government and TransLink outlined the details, which will have to be approved by the Mayors' Council and TransLink board on April 30.
The agreement includes:
A 0.5 per cent property tax increase across Metro Vancouver, adding approximately $20 to the median household;
A 5 cent increase in transit fares beginning in July 2026;
A $1.50 increase in the YVR AddFare for trips from Vancouver International Airport beginning in July 2026;
An increase in off-street parking taxes from 24 per cent to 29 per cent;
$312 million in operating income from the provincial government over the next three years.
According to TransLink, the deal will keep them fiscally sustainable until the end of 2027. It will also allow them to increase service on up to 50 bus routes, add 40 new or additional routes, and extend the North Short RapidBus to Metrotown by 2027.
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I can't believe that all the hand wringing over maintaining transit services only comes out to this tiny amount of money per household. What would it take so we can increase transit service by 20% so we can get more cars off the road? Like $100 per household? Let's do that!
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