No More Sheppard Subway??!!

(Photo: Photosapience)
Ho-ly smokes! According to CBC News, after Mayor Miller's proposal to increase land transfer and vehicle registration taxes was put on hold by the City Council, the TTC has been told to cut its budget by $30 million this year and $100 million in 2008. This is likely to lead to unprecedented cutbacks of the TTC service which will include cancelling 20 bus routes and closing down the entire Sheppard subway line (which has only been in service since 2002 and required one billion dollars and eight years to construct).
It also means the fares will go up (AGAIN!) and any expansion projects will be suspended. So much for the new streetcars and the ambitious LRT network, not to mention high-speed ferries! An emergency meeting of the TTC board is scheduled for Friday to discuss and formalize the proposed cuts. Suddenly the land transfer tax isn't looking so bad....














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