TTC budget sees more service and improvements in 20172/17/17 6:00 AM
This week, City Council approved the TTC’s 2017 Operating and Capital Budgets after the toughest budget round in my time as CEO.
Against a requirement for all City departments and agencies to find savings, the TTC ended up with an $80-million increase in the subsidy that it receives from City Council – and with funding secured for a raft of vital capital upgrade projects.
It is important to note that the TTC played its part in finding efficiencies by looking at every aspect of our operations. In achieving savings of about $100 million, we successfully met my objectives of protecting existing service and the improvements that we have delivered over the past five years, while keeping the need for a fare increase to an absolute minimum.
Longer term, we will deliver even greater efficiencies as the effects of in-play technology upgrades and changes to work practices take effect. But in the meantime, and even with this welcome increase in subsidy, the TTC remains by far the least subsidized major transit system in North America, meaning that we must continue to find further efficiencies in how we deliver service.
The capital program enables us to continue our modernization of the TTC with money identified for new buses, system expansion and critical state-of-good-repair projects. This includes completion of the PRESTO rollout, opening the Line 1 subway extension, and continuing our path towards making the TTC fully accessible by 2025.
With 300 new buses, 40 more new, low-floor streetcars and a raft of other improvements on the horizon, 2017 will be a year of further transformation for you, our customers.
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From the Archives
- Next up on Line 1 extension: Pioneer Village Station, 24/11/2017
- 30 days to go: York University Station, 17/11/2017
- Next stop on TTC Line 1 extension: Finch West Station, 10/11/2017
- TTC’s Line 1 extension just weeks from opening, 03/11/2017
- Countdown on to opening TTC’s Line 1 extension , 27/10/2017
- TTC staff impartial, professional public servants: City AG, 20/10/2017
- TTC family mourns Tom Dedes, 13/10/2017
- Have you got your PRESTO card yet? TTC Metropass now on PRESTO, 06/10/2017
- TTC adds all night subway service this weekend for Nuit Blanche, 29/09/2017
- Countdown on to TTC’s Line 1 extension, 22/09/2017