Broke and broken: Report says Canada's public transit in critical funding state
CTV
A new analysis warns that Canada's major cities are struggling to keep their transit systems running, and says public transit is heading for a "downward spiral" unless major new streams of operating revenue open up.
A new analysis warns that Canada's major cities are struggling to keep their transit systems running, and says public transit is heading for a "downward spiral" unless major new streams of operating revenue open up.
In a report published in late May, Leading Mobility Canada said the $120-billion in expansions planned for those transit systems won't help cities that are struggling to keep the buses and trains running at current levels.
David Cooper, the principal at Leading Mobility and the study's co-author, said the majority of transit is funded through passenger fares and property taxes, and cities have very limited options for other sources of revenue.
The federal government is allocating billions to expand transit.
"It's great we're getting these investments, but you actually can't materialize the benefits of these investments if the cities actually can't afford to run it," he said.
The analysis looked at the budgets, revenue sources and long-term plans for eight transit systems in Vancouver, Calgary, Edmonton, Winnipeg, Ottawa, Toronto, Montreal and Halifax.
Most of them are already reporting budget shortfalls.
