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Blog edited for clarity that this is the Provincial Gas Tax Program.
It's a busy news day!
Ontario Minister of Transportation, Caroline Mulroney, announced today that the Province is providing $375 million through the Gas Tax program to 109 municipalities for transit projects. A breakdown of Gas Tax Funding by municipality is available here.
Funding for the Gas Tax program is determined by the number of litres of gasoline sold in the province during the previous year. Municipalities supporting public transit services in their community receive two cents per litre of provincial gas tax revenue collected.