Dynamic Road Pricing for Vancouver?


Innovative B.C. starts the road-pricing revolution (Andrew Coyne, The Regina Leader-Post Dec. 13, 2014)

Also discussed here: The shocking truth about B.C.’s carbon tax: It works (Ross Beaty, Richard Lipsey and Stewart Elgie, the Globe and Mail, Jul. 09 2014)

Today we review news that Vancouver area Mayors have decided to ask their voters to agree by referendum to two new “taxes” – a sales tax and a comprehensive road-pricing plan – that would be a first for any Canadian city, collect revenue from other than municipal property tax and virtually eliminate traffic congestion. One downside is that implementation would only come in 5 to 8 years – would the next elected civic administrations be up to the challenge? As jurisdictional children, the municipalities would also need to get provincial approval. There is reason to expect a positive response as B.C. is also the first province to have implemented a successful carbon tax on consumer goods 6 years ago, reaffirmed in a recent provincial election, and given citizens the lowest personal income taxes in Canada.

English: Traffic congestion along Highway 401

English: Traffic congestion along Highway 401 (Photo credit: Wikipedia)

To see Key Quotes and Links to key reports about this post, click HERE

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