With the federal budget and its promise of billions of dollars for infrastructure projects looming, Metro mayors are still grappling with how to pay the region’s share.
Vancouver Mayor, and chair of the TransLink mayors council Gregor Robertson, says the hope is the Trudeau government will pick up some of the region’s third share.
But Robertson says the region will still be on the hook for something, and the trick is to find a way to cover that bill.
“Basically looking at what we might be able to get from development around the region. Property tax is the other piece but we are very reluctant because that is a direct impact on housing costs for people around the region. That said, it is a huge opportunity if we see 90% of this funded by the Feds, and the province I think it is going to be important to step up locally and figure out how we pay for that.”
Provincial legislation requires a referendum for any new funding model.
A plebiscite over raising the provincial sales tax by half a point has already failed.