News

Ontario Investing $785,000 in North Bay Transit

NORTH BAY – Vic Fedeli, MPP for Nipissing announced that the Ontario government is supporting the City of North Bay with $785,000 from the 2023-24 Gas Tax program. The funding can be used to expand service hours, increase routes, purchase new vehicles, and improve accessibility to increase transit ridership. Funding for the gas tax program is set by the number of litres of gasoline sold in the province during the previous fiscal year, along with ridership and population levels.

“This investment is fantastic news for transit riders in North Bay,” said MPP Vic Fedeli. “Under the leadership of Premier Ford, we will continue to invest in local transit to drive economic growth, make travel more convenient and connect people to the things that matter most to them.”

“We’re very appreciative of MPP Fedeli and the Ontario Government for their continued investment in our City’s transportation infrastructure,” said Mayor Peter Chirico. “The provincial gas tax program provides vital funding that supports our transit system and helps to ensure that our residents have dependable and accessible transportation options.”

The Ontario government is investing almost $380 million across the province to help 102 municipalities improve local transit through the Gas Tax program. This year’s Gas Tax program includes a one-time additional $3 million to ensure municipalities can continue to support and grow their transit systems.

QUICK FACTS

• The 2023-24 Gas Tax program will help fund public transit in 102 municipalities serving 140 communities across the province, representing 94 per cent of all Ontarians.
• For every litre of provincial gas tax revenue collected in the previous fiscal year, two cents are allocated to the Gas Tax program.
• Municipal Gas Tax funding allocations are calculated based on total transit ridership (70 per cent of funding) and population (30 per cent of funding), both of which fluctuate from year to year.
• Funding allocations are capped at a maximum of 75 per cent of a municipality’s transit spending.
• Municipalities may use the funding for transit operating and/or capital expenditures.