VANCOUVER, B.C. — TransLink is saving more money during the transit strike than expected, ironically due to increased fuel tax transfers are flooding in due to the higher number of cars on the roads.
Last month, the B.C. Trucking Association appealed to the government to suspend fuel tax transfers during the strike. But no since action has been taken and it’s estimated that TransLink is saving about $1 million more each month than it ever anticipated.
In fact, about $3.3 million has rolled in during the strike.
Commuters are being forced back into their cars and are therefore paying more fuel taxes, which are being directed into TransLink’s coffers.
During the first three months of the strike, TransLink has reaped the rewards, cashing in $3.3 million in gas tax revenue. That reflects a 9.5 per cent hike in gas sales during the strike, over the same period last year.
Meanwhile, he transit body insists it has lost $40 million in revenue over the course of the strike.
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News