Act
Proposed GO Transit Station Funding Act, 2023
Regulation Number(s):
N/A
Instrument Type:
Act
Bill or Act:
GO Transit Station Funding Act, 2023
Summary of Decision:
Bill 131, Transportation for the Future Act, 2023 was passed by the legislature and received Royal Assent on December 4, 2023. Schedule 2 of this Bill included the GO Transit Station Funding Act, 2023, which is now in force.
The GO Transit Station Funding Act, 2023 will provide a new optional funding tool that will help municipalities to fund the design and construction of new GO stations. This tool will allow municipalities to recoup the costs through a charge on new development within specified areas surrounding those new stations.
The Ministry of Infrastructure will consult on the regulation required to implement the GO Transit Station Funding Act, 2023 through a forthcoming Regulatory Registry posting.
The GO Transit Station Funding Act, 2023 will provide a new optional funding tool that will help municipalities to fund the design and construction of new GO stations. This tool will allow municipalities to recoup the costs through a charge on new development within specified areas surrounding those new stations.
The Ministry of Infrastructure will consult on the regulation required to implement the GO Transit Station Funding Act, 2023 through a forthcoming Regulatory Registry posting.
Analysis of Regulatory Impact:
The Ministry of Infrastructure will be consulting on subsequent regulations required to implement this tool. Such regulations will focus on the prescribed information and requirements of the background study and for the creation of a by-law, amongst other items, will be consulted on through future Regulatory Registry postings. Feedback from this and future postings will inform this proposal.
Further Information:
GO Transit Station Funding Act, 2023
Proposal Number:
23-MOI004
Posting Date:
September 25, 2023
Summary of Proposal:
The Province is consulting on the GO Transit Station Funding Act, 2023, that would, if passed, allow municipalities to fund the design and construction of new GO stations and recoup the costs through a charge on new development within specified areas surrounding those new stations.
The use of the tool, known as the station contribution fee, will only be permitted in municipalities where the Province has determined a new GO station is warranted. Municipalities will be required to provide a background study and pass a by-law which clearly identifies the area to which the station contribution fee will apply, to be forwarded to the Province for approval. Municipalities given approval to use the station contribution fee will be prescribed in a regulation.
The use of the tool, known as the station contribution fee, will only be permitted in municipalities where the Province has determined a new GO station is warranted. Municipalities will be required to provide a background study and pass a by-law which clearly identifies the area to which the station contribution fee will apply, to be forwarded to the Province for approval. Municipalities given approval to use the station contribution fee will be prescribed in a regulation.
Contact Address:
Ministry of Infrastructure
Transit Oriented Communities Policy and Delivery Branch
College Park
777 Bay St
4th Flr Suite 425
Toronto
ON M5G 2E5
Transit Oriented Communities Policy and Delivery Branch
College Park
777 Bay St
4th Flr Suite 425
Toronto
ON M5G 2E5
Royal Assent Date:
December 4, 2023
Decision:
Approved