TTC says fare freeze, ridership efforts will cost city $1.5 billion

TTC says fare freeze, ridership efforts will cost city $1.5 billion

On Wednesday, the transit authority put forward its proposed operating budget for 2026, which includes a commitment to a fare freeze and fare capping.

TTC Budget Meeting January 7, 2026

The TTC Board considered its Operating and Capital budgets on January 7 before passing them on to the City as part of the overall budget process. For details on these reports see: TTC 2026 Operating Budget TTC 2026 Capital Budget and 2026-2040 Plan Over roughly three hours there was a staff presentation, public deputations and a debate that often avoided major discussion of alternatives and future policy. A key item for future budgets is the sh…