Get real on transit taxes
Editor, The News:
Our mayors’ committee still avoids putting the cost of transit onto those who benefit most.
It is openly acknowledged that property values near Skytrain and other good transit hubs have benefited substantially, and yet the mayors avoid putting substantial transit tax on property.
They maintain the nominal $35 per property. Instead, it should be a percentage of property value.
And doesn’t it make sense that the value of real estate will be directly affected by the value of infrastructure servicing it?
Get realistic and quit charging those who have no access to public transit the major cost through gas tax and tolls.