Parking Rights Tax
The investments in the Mayors’ Council Ten-Year Vision are essential for people throughout the region, especially as Metro Vancouver is expecting over 1 million more residents in the next 25 years. It is important that we get moving on transit projects in Phase Two of the Vision, which is why we are doing things differently and working with the region to come up with its share of the funding. TransLink’s Phase Two investment plan forecasts approximately $10 million a year in new revenue from increases in the Parking Rights Tax. These funds will be part of the region’s share of financing Phase Two transit improvements that support expanded transportation and commuting options throughout Metro Vancouver.