11-11-2014, 08:57 PM
(This post was last modified: 11-11-2014, 09:04 PM by fakepnijjar.)
I am looking for information about how GRT is funded, and I am having trouble finding/understanding it. From the business plan document published online (http://www.grt.ca/en/aboutus/grtbusinessplan.asp) it sounds as if the primary sources of funding are property taxes and fare recoveries, and that in 2010 the cost recovery ratio was 37% (which is already confusing, because that is a percentage and not a ratio). I guess I am supposed to conclude that the remaining 63% of funding came from property taxes, but then I see this asterisk:
*Net cost of service is comprised of municipal contribution towards operating costs and debt service, from property taxes, plus provincial contribution.
so now I am confused. There is some mention on page 43 of the linked PDF that the provincial share comes from gas tax funding, but I do not know the breakdown. The PDF mentions a "Working Paper 9: Financial Plan" but I have not been able to find that online.
How is GRT funded?
*Net cost of service is comprised of municipal contribution towards operating costs and debt service, from property taxes, plus provincial contribution.
so now I am confused. There is some mention on page 43 of the linked PDF that the provincial share comes from gas tax funding, but I do not know the breakdown. The PDF mentions a "Working Paper 9: Financial Plan" but I have not been able to find that online.
How is GRT funded?