TTC seeks $1.4B budget hike from Toronto

TTC Requests $1.4 Billion Budget Increase

The TTC is asking the City for a $1.4 billion increase in its budget this year. This request aims to boost service levels while keeping fares frozen for the third consecutive year.

Proposed Budget Details

The transit agency has proposed a budget of just over $3 billion for the coming year. Of this amount, $1.5 billion will come from revenue, while $1.48 billion will come from the City, marking a 6.8 percent increase.

Service Improvements and Fare Changes

The TTC plans to restore service to pre-pandemic levels. It will also implement a fare-capping program to replace the monthly pass.

Accountability in Funding

TTC Board Chair Jamaal Myers aims to make the transit agency more accountable for how it spends City funds. Currently, the City provides the TTC with a cheque and instructs them to run the service. Myers plans to propose a motion at Wednesday’s meeting to change this model, which he describes as outdated and lacking transparency.

New Funding Model

“Starting in budget 2027, City funding will be tied to clear goals, targets, and service metrics that directly impact the quality of service that customers experience,” explained Myers. “This means the City can track progress, the TTC can show results, and customers can have an overall better experience.”

Accountability for Service Improvements

Myers added that the new model will hold the City accountable for necessary changes to improve service. These changes may include banning left turns, removing on-street parking, and implementing aggressive signal priority.

Preparation for Eglinton Crosstown LRT

Myers emphasized the importance of these changes as they prepare to launch the Eglinton Crosstown LRT. Regarding Line 5, he stated they will not wait until the line is launched to address issues like signal priority. The TTC is currently collaborating with Metrolinx to tackle these issues proactively.