Editorial Archive

Office of the Chief Executive

Funding announcement

I am happy to share with you an announcement made by the Provincial government earlier this afternoon (August 12) that will see $400 million in funding coming to the TTC. This is the first installment of relief funding we are expecting, and is a down payment to address the unprecedented revenue losses we have seen as a result of the global COVID-19 pandemic.

Ontario News Release: Ontario Providing Municipalities with up to $1.6 Billion in First Round of Emergency Funding

Municipal Funding under the Safe Restart Agreement

This is a good announcement for the TTC and we are truly appreciative to know this support is coming soon. We will continue to work closely with all orders of government on the exact details and timing. This announcement is an important recognition of the fact that we are the country’s largest transit provider. It also recognizes the numerous and difficult cost containment measures we took earlier this year when the pandemic hit in order to maintain service for our customers.

Today’s announcement also recognizes the great work that you do every day. I look forward to sharing more news with you as more information is released.

Richard J. Leary
Chief Executive Officer
August 12, 2020