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September 28, 2001
Toronto Budget Chief looks to federal government for transit funding commitment
  
Yesterday's announcement by the provincial government to fully-fund GO Transit
and pay one-third of the Toronto Transit Commission's capital costs is a step
in the right direction, Toronto Budget Chief David Shiner said today.

"The City has agreed to contribute its one third of the capital funding as part
of Queen's Park's announcement yesterday. I look forward to Federal Transport
Minister David Collenette's speedy assurance that Ottawa will do the same,"
said Shiner.

During last year's budget process, City of Toronto property taxpayers paid for
$253 million in capital maintenance and $190 million in operating costs to the
TTC.

"Public transit in Canada's largest city is not a luxury, it is a necessity. As
the economic engine of Canada, Toronto needs the federal government's
investment to ensure a healthy and sustainable public transit system," said
Shiner.

According to the Liberal Government's Red Book, "Transit systems that allow for
the easy movement of people and goods are vital to the economic and
environmental health of all cities. Business and municipal leaders, urban
planners and environmentalists agree that there is an urgent need for
reinvestment in public transit."

Ottawa posted a $17.1 billion surplus, according to the September 19 Globe and
Mail. "What the City is asking for is less than one per cent of that," said
Shiner. "I'm confident Minster Collenette will do the right thing for Toronto."


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