Wednesday, June 8, 2011

Financial Planning needed for LRT

On June 1st I spoke at Waterloo Regional Council about the need for a referendum, and that regional Council should be listening carefully to what the public has been saying, there has been plenty of opportunity for input, address the concerns and then make a decision. Much of what gets presented to the public refers to the BRT/LRT as a tax increase. No wonder people say no! Instead, they should be looking at ways to mitigate the costs, such as dedicating cost savings to the LRT, or re-prioritizing costs from other areas. It looks like this is finally starting to happen.

Regional Council needs to get the financing team in place to figure out how to pay for this without assuming everything can be done through tax increases.

My speaking notes are here.

No comments:

Post a Comment