Weak fare revenue sees TTC staring down $232M budget crunch next year

Weak fare revenue sees TTC staring down $232M budget crunch next year

The transit agency is eyeing novel reforms to bring back riders — but they come at a cost

TTC Discovers Fiscal Conservatism

On September 4, 2025, the TTC’s Strategic Planning Committee met to debate several reports. I will deal with them in a separate article, but one thread in the meeting deserves comment on its own. The order of the agenda was changed to put an item updating the budget situation first up for debate. On a preliminary basis, the TTC faces a shortfall of $232.3-million, but the City’s budget target allows only an increase of $91-million with a paralle…