NEWS
 
TTC Board Unanimously Votes to Freeze Fares for 2015
Board votes to ask City Council to allow TTC to keep $47.7 million surplus.
1 0
CTV-Toronto

TTC riders may be in for some relief at the fare box next year after Toronto Transit Commission Board members voted in favour of a motion put forth by former chair and mayoral hopeful Karen Stintz.

 With an unexpected $47.7-million surplus from its 2013 operating budget Stintz’s motion asks city council to allow the TTC to retain that surplus for next year’s budget in order to avoid a fare increase.

“We realized that we had this surplus and we could not have predicted it when we set last year’s budget.   And so because it is unexpected I think it’s important that we do keep it and we do reward riders for their loyalty given all that they’ve had to go through the last few years.”said Stintz.

The decision is ultimately up to city council which will meet next month.

Categories:

Leave a comment:

showing all comments · Subscribe to comments
  1. don was right posted on 05/28/2014 05:01 PM
    Surplus? what a bunch of liars. Byford told the board of trade in January that the TTC needs $9 billion to cover its state of good repair backlog. ho is gonna pay for that? Not the poor fools stuck on the Gardiner hepoefully
showing all comments

DON'T MISS

AIRPORT TUNNEL

WATCH: NEWSTALK 1010 contest winner is first through airport tunnel

Joel MacCharles, winner of the NEWSTALK 1010 'Be the First' contest makes history before jet-setting to NYC!

NEWS ALERTS

STAY CONNECTED

Sign up for out Breaking News Alerts and receive up-to-the-minute coverage of the top stories of the day

 
1 0
CTV-Toronto

TTC riders may be in for some relief at the fare box next year after Toronto Transit Commission Board members voted in favour of a motion put forth by former chair and mayoral hopeful Karen Stintz.

 With an unexpected $47.7-million surplus from its 2013 operating budget Stintz’s motion asks city council to allow the TTC to retain that surplus for next year’s budget in order to avoid a fare increase.

“We realized that we had this surplus and we could not have predicted it when we set last year’s budget.   And so because it is unexpected I think it’s important that we do keep it and we do reward riders for their loyalty given all that they’ve had to go through the last few years.”said Stintz.

The decision is ultimately up to city council which will meet next month.

Leave a comment:

showing all comments · Subscribe to comments
  1. don was right posted on 05/28/2014 05:01 PM
    Surplus? what a bunch of liars. Byford told the board of trade in January that the TTC needs $9 billion to cover its state of good repair backlog. ho is gonna pay for that? Not the poor fools stuck on the Gardiner hepoefully
showing all comments

Top stories

Police called to an apartment in Mississauga

Poll

Protesters from Black Lives Matter blocked traffic on the Allen last night to protest police shootings. Was this the best way to make a point?

Voting is restricted to one vote every 24 hours 24 hour(s) VoteResults