Comment 121063

By kevlahan (registered) | Posted April 04, 2017 at 05:39:23 in reply to Comment 121060

Note that property tax automatically accounts for relative increases in land value: if property values along the line increase faster than in other area the proportion of Hamilton property tax paid by those living near the line automatically increases. They will contribute more taxes. There is no need for other mechanisms.

As Ryan points out, big road infrastructure projects have both their capital costs and operating costs paid equally by all residents.

In contrast, in the case of LRT the capital cost is being paid entirely by the Province (which means a very small portion paid by Hamilton residents via provincial taxes, about 4%). As for operating costs, unlike roads, LRT riders actually pay a user fee which off-sets the costs. And because of its high capacity, unlike buses, the more people ride LRT the lower the net operating cost. People forget that just snow-clearing for RHVP and LIncoln Alexander parkway cost several million dollars per year. I don't recall operating costs being an issue at all for RHVP.

Comment edited by kevlahan on 2017-04-04 05:41:16

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