The review, which began late in 2006, reflected the spirit of the commitment to consulta- tion set out in the Municipal Act and the City of Toronto Act. [...] The agreement set out here reflects an understanding of the fiscal tools available to each order of govern- ment, and is sensitive to the impacts of new arrangements on the plans of both orders of government. [...] Existing examples include the Province’s Move Ontario 2020 approach to the funding of transit assets in the Greater Toronto Area, and the alloca- tion of a portion of the provincial gasoline tax that helps address the transit needs of large and small municipalities. [...] This document is one of the background papers developed in partnership by representatives of the Government of Ontario, AMO and the City of Toronto, and does not necessarily reflect the consensus views of all partners. [...] Through these activities, the municipalities of Ontario and the provincial government will continue the historic process of partnership and collaboration that was responsible for the success of this review.