Of course not. The infrastructure budget is already larger than the revenue, this is catch up.
I agree with you that the downloading of social services to Toronto has been a disaster and should be reversed.
Nonsense.
You think that the infrastructure budget is already larger than revenue?
Mmmm, no.
The City of Toronto's 2015 Operating Budget (that's the cost of paying it's direct employees, TTC, Cops, Fire Dept. Ambulance, whatever, and the various bloated city of Toronto social welfare groups)
is a staggering 11.4 billion dollars in 2015.
By comparison, the Capital Works budget is never really stated point blank, but it's typically about 20% of the operating budget. (To confuse you, they give the Capital Works budget in 10 year increments. That way, they can play with the numbers.)
Anyway, long story short, as Rob Ford correctly said, Toronto doesn't have a revenue problem, Toronto has a spending problem.
Any money from road tolls will simply go to General Revenue. It will not go to increased Transit spending.