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The regional sales tax increase, which would be the first in Canada and would be on top of the existing seven per cent PST, is believed to be the fairest and most affordable funding source for all homeowners because it has a broader base than the other proposed sources that included a vehicle levy or carbon tax.
It also would not unfairly penalize drivers.
Follow reaction: Transit talk live — Metro Vancouver mayors approve the $7.5-billion question
The mayors' council estimates the increase, which would generate $250 million in the first year, would cost the poorest 20 per cent of Metro Vancouver residents another $50 per year and the average homeowner $125 per year.
More @ Vancouver Sun
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