Funding and Fares

Metro Vancouver mayors approve gas-tax increase of 1.5 cents a litre to fund transit plan

via CBC

Tax was last-minute addition to $7B funding plan for transit upgrades

Metro Vancouver mayors have voted to raise the gas tax by 1.5 cents per litre to help fund the next phase of the region's transportation plan.

The tax was approved this morning to make up for a $30-million annual shortfall in the $7-billion transit and transportation infrastructure plan, which includes rapid transit projects in Vancouver and Surrey.