Day after TTC fare hike announced, city finds cash to avoid increase
(Written for Town Crier Jan. 11)
Looks like there won’t be a TTC fare increase after all.
One day after Mayor Rob Ford begrudgingly announced a 10 cent transit hike to make up a $24 million budget gap the city declared its delivering an extra $16 million to the TTC and will let the transit commission axe $8 million in unspecified cuts at a later date.
“Fare increases and service cuts are the last options the TTC looks at,” TTC chair Karen Stintz told the Town Crier. “We want to make sure the fares remain affordable for those who are dependent on transit.”
The cancellation was made possible after city staff was able to find the money needed to keep fares at current levels.
“The city manager was able to identify the $16 million so that our (TTC) subsidy could be increased and we were able to manage ($8 million) through unspecified cuts,” said Stintz.“We have $8 million that we will have to manage (cut) throughout the year. It won’t be a service cut.”
TTC spokesperson Brad Ross didn’t have details on where the $8 million in cuts would come from, but hoped to have more information on Wednesday when the TTC meets to vote on its budget.