WHEREAS the provincial government annually receives substantial revenues from gas taxes and local governments receive no annual direct revenue sharing from either the Provincial Sales or Gasoline Taxes, and the Province is expected to generate future surpluses through growth and taxation; AND WHEREAS the provincial governments gesture is in the right direction generating surpluses through growth, however, there are many smaller to medium sized local governments throughout the province that need gasoline tax sharing to either maintain roads or to operate transit systems: THEREFORE BE IT RESOLVED that the provincial government implement gasoline tax sharing in the 200607 fiscal year or sooner, and that the formula for sharing such gasoline tax with local governments reflect the cost of maintaining infrastructure for vehicular traffic and operating transit services in local governments.
Ministry of Finance Gas and diesel fuel tax revenues provide significant funding for the provincial transportation system that benefits all communities. Typically, the Province spends more on the transportation system than it collects in gasoline tax. In the 200506 fiscal year, the provincial government will collect an estimated 915 million in total fuel tax revenue and reinvest 1.4 billion in highways and transportation.