Budget Committee Meeting - July 30, 2015

Meeting Info

Date:Thursday, July 30, 2015
Start Time:1:00 pm
Location:Committee Room #1, Toronto City Hall
Meeting No:3
  • Agenda
  • Meeting Minutes

TTC Budget Committee Members

TTC Budget Committee Members

  • Rick Byers
  • Josh Colle
  • John Campbell
  • Joe Mihevc
  • Shelley Carroll

Declarations of Interest - Municipal Conflict of Interest Act

A meeting of the TTC Budget Committee was held on Thursday, July 30, 2015 in Committee Room 1, 2nd Floor, Toronto City Hall, 100 Queen Street West, commencing at 1:00 p.m.


V. Rodo (Chief Financial & Administration Officer), S. Reed Tanaka (Acting Chief Capital Officer), G. Shortt (Chief Operating Officer), M. Roche (Head of Finance & Treasurer), J. Fraser (Head – Capital Programming), B. Ross (Executive Director or Corporate Communications), K. Watson (Head of Bus Transportation), B. Case (Acting Chief of Staff), P. Buttigieg (Director – Budgets, Costing & Financial Reporting), K. Lee (Head of Commission Services) and D. McDonald (Co-ordinator – Corporate Secretariat Services) were present.

Declarations of Interest – Municipal Conflict of Interest Act


Minutes of Previous Meeting

Commissioner Byers moved that the Budget Committee approve the minutes from Meeting No. 2 held on Monday, June 29, 2015.

The motion by Commissioner Byers carried.

Public Presentations

a) Presentation: Preliminary 2016 TTC Operating Budgets

Alan Yule

The Board received the deputation for information.

(See Item 1 for minute).

Presentations/Reports/Other Business

Presentation: Preliminary 2016 TTC Operating Budgets

Michael Roche, Head of Finance & Treasurer, provided a PowerPoint presentation on this item.

The Budget Committee received the presentation for information and took the following action:

Chair Colle moved:

1. That staff provide an information report at the next Budget Committee meeting with a summary of fare scenarios that includes, but is not limited to:

  • An increase to cash fares only
  • an increase to metropass
  • freezing the cost of a metropass
  • freezing the cost of all fare media
  • a fare increase spread across all fare media; and

2. Include in the report the impact of various fare scenarios on ridership and revenue, and PRESTO implementation; and

3. The impact of PRESTO on the TTC Metropass.

The motion by Chair Colle carried.

Chair Colle further moved:

i) that staff report back to the next budget meeting with a list of additional service enhancements to be considered by the Board for the 2016 budget.

The motion by Chair Colle carried.

The item was adopted as amended.

(Correspondence was received on this item from Brenda Thompson, Scarborough Transit Action).

The meeting adjourned at 2:30 p.m.

Cookies help us improve your website experience.
By using our website, you agree to our use of cookies.