Comment 118986

By kevlahan (registered) | Posted June 02, 2016 at 09:37:40 in reply to Comment 118984

This is a very important point people tend to gloss over.

In the current situation those taxpayers are the residents of Ontario and they are paying whether the LRT goes to Hamilton or not. Hamiltonians don't save any money at all by turning down the Province's offer of funding. In fact, Hamilton taxpayers lose well over $800 million in benefits (including $80 million in infrastructure costs we would have had to pay ourselves).

The average cost to Hamilton residents is about $74 million in provincial taxes, but we get $1 billion in investment. Just considering the $80 million in infrastructure costs, we come out ahead!

This is a good deal as we are only paying 7.4% of the cost through provincial taxes which we would be paying anyway. If we don't take LRT our $74 million goes to the next project on the list, and there are lots of cities that would be happy to take it.

Comment edited by kevlahan on 2016-06-02 09:44:41

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