TTC 2015-2024 Budget Meeting on Feb.2, 2015
The Toronto Transit Commission (TTC) will hold a special Board meeting on the 2015 TTC Wheel-Trans and Operating budgets and the 2015-2024 TTC Capital budget.
- The meeting will take place on Monday, February 2, 9:30 a.m., Toronto City Hall, Committee Room # 2.
- The meeting is open to the public.
- This meeting will deal with the following items:
- 2015 TTC and Wheel-Trans Operating Budgets
- 2015-2024 TTC Capital Budget
This video presents The Toronto 2015 Budget will #getTOmoving.
Toronto Mayor John Tory and TTC Chair Josh Colle recently announced a $95 million investment that will “significantly expand and enhance transit service, reduce wait times and crowding, and make using the TTC more affordable for families by eliminating fares for children 12 years and under.”
- To help balance the TTC budget, Mayor Tory asked the City to increase the TTC’s subsidy to nearly $479 million, an increase of more than $38 million from 2014. Effective March 1, as well, a 10-cent proportionate fare increase will apply to all TTC fares except for cash fares, investing an additional $43 million in revenue to pay for new services that will meet an increasing ridership, estimated to be 545 million in 2015.
These new investments will provide the following enhanced services to Toronto commuters:
- Restoration of all day, everyday bus service that was cut in 2011.
- Ten-minute or better bus and streetcar service on key routes from 6 a.m. to 1 a.m. six days a week (9 a.m. on Sundays).
- Reduced wait times and crowding at off-peak times.
- Reduced wait times and crowding on 21 of the busiest routes during morning and afternoon rush hours.
- Proof-of-payment and all-door boarding on all streetcar routes.
- Expansion of the Express Bus network, adding four new routes to a network that serves 34 million rides annually.
- Expanding the Blue Night Network, adding 12 routes to the 22-route network that serves 4 million rides annually.
- Adding up to two additional subway trains on Lines 1 and 2 during morning and afternoon rush hours.
- Route management improvements designed to reduce short-turns, bunching and gapping of bus and streetcar routes.
- Additional resources to focus on subway reliability around signals, track and communications systems.
- 50 new buses and a temporary storage facility to allow for the Express Bus network expansion, reduction of wait times and crowding on some peak-period routes, as well as the need for spare buses during maintenance.
Timing of the introduction of additional service, as well as the restoration of service, is being developed by staff. Financial details of the new services will be detailed in the February 2 budget report to the TTC board.
City of Toronto 2015 Budget Meeting Feb.2 & 3
This video presents 2015 Toronto Budget – The Capital Budget.
- Learn more about the City of Toronto’s capital budget.
The City of Toronto’s Budget Committee will hear pubic presentations on the proposed 2015 Operating Budget and the 2015-2024 Capital Budget and Plan at the following times and locations: Read more of You’re Invited: Toronto 2015 Budget Meeting Feb.2 & 3 + TTC 2015-2024 Budget Meeting Feb.2, 2015