16 Oct, 2012

IMFG releases report about transportation finance in other global city-regions

Toronto, October 18, 2012 – A new report by the Institute on Municipal Finance and Governance (IMFG) looks at transportation funding in major city-regions such as Los Angeles, Vancouver, Chicago, and San Francisco.

As citizens and policymakers in the Greater Toronto and Hamilton Area (GTHA) begin a vital discussion about transportation investment, the report looks at other regions that have faced similar challenges and highlights some key lessons, including:

  • Stable, dedicated, and regional revenue sources are critical in making long-term investments;
  • Investment campaigns must engage the public and key regional stakeholders around shared challenges and a community-wide vision; and
  • Taxes that are dedicated to investments that will reduce travel times can gain public support.

The report distills the key lessons from the Moving our Region series of events held during 2011 and 2012. The series brought together transportation policymakers, practitioners, and academics from North American and Europe to discuss transportation issues that will profoundly influence the growth and prosperity of the GTHA.

About the Institute on Municipal Finance and Governance (IMFG)

The IMFG is an academic research hub and think tank that focuses on the fiscal and governance challenges facing large cities and city-regions. It is located within the University of Toronto’s Munk School of Global Affairs.

For more information, please contact:

André Côté
Manager, Programs and Research
Institute on Municipal Finance and Governance
andre.cote@utoronto.ca

416-978-2168
www.munkschool.utoronto.ca/imfg