York Region Taxpayers Coalition on TTC Cost Overruns

yrtc press release

The news that York Region has decided to partner with the TTC and the City of Toronto on the Spadina extension has sent shockwaves through the communities of Vaughan, Newmarket, Aurora and East Gwillimbury.

Due to record borrowing and lower than anticipated revenues, the Region of York has decided postpone several major water and sewer capital spending projects. With debts expected to rise to $2.7 Billion by 2017, York Region simply cannot afford to meet its infrastructure needs and service the debt.

“These communities are being pressured with growth,” said York Region Taxpayers Coalition President, Maddie Di Muccio. “They have been told that these long overdue infrastructure projects won’t be coming until 2031. How did the TTC get priority over the communities of northern York Region?”

The Town of East Gwillimbury is calling on York Region Council to reconsider its spending priorities. East Gwillimbury currently relies on sewage lagoons in the Holland Landing that are already at capacity. If the Upper York Sewage Solutions project is delayed, then plans for new residential development and the 404 employment lands could be in jeopardy.

“York Region recently had its credit rating downgraded from AAA to AA+ by Standard and Poor’s. Borrowing to bail out mismanagement at the TTC simply doesn’t make sense for York Region residents,” said Di Muccio. “Especially when we are deferring projects that are much needed elsewhere.”

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