Today the Government of Ontario announced that it won’t approve the City of Toronto’s plan to use road tolls on the Don Valley Parkway and Gardiner Expressway. The City’s plan was designed to generate additional revenue, control gridlock, and fund transit.
According to the Premier, “the conditions are not right” for road tolls. As an alternative, the province also announced today that it would increase gas tax funding for municipalities. However, City of Toronto Mayor John Tory says that the gas tax increase will not replace the revenue that would have been generated by the City’s proposed road tolls. While increased gas tax funding will net the City an addition $170 million per year, road tolls were expected to generate $200 million.