ontario ttc fund

Province considers subsidizing the TTC

The TTC might be set to get some major help from the Ontario Government. The province hasn't helped to fund the operating costs of the Commission since Mike Harris scrapped funding in the 1990s, but the Globe and Mail reports that Kathleen Wynne's Liberals are considering a major policy change that would see TTC costs split between Toronto and Ontario.

"TTC CEO Andy Byford said he and his staff met with senior provincial bureaucrats to discuss restoring operational funding about eight weeks ago and left feeling 'positively optimistic,'" the paper reports. The topic has also been discussed with mayor-elect John Tory, who would look like an absolute hero if something like this came together. As to what a possible cost-sharing model would look like, it's too early to tell, but it wouldn't be 50-50 given the province's deficit.

Still, at this point, any kick-in from the province would be big news. The TTC is already one of the most expensive transit systems in North America to ride, and will become increasingly more so in the absence of funding from upper levels of government.

Photo by Tom Ryaboi


Latest Videos



Join the conversation Load comments

Latest in City

Police release images of car crash that has Toronto in shock

This is what the future of parking lots could look like in Toronto

Toronto is fuming after Metrolinx says it has no idea when Eglinton LRT will open

30-year-old Toronto man says he can finally afford a house after $55 million lottery win

Bloor-Yonge subway station is getting a massive $1.5 billion makeover

Winter storm expected to dump more snow on Toronto this weekend

Two Toronto homes team up to create epic holiday display

Here's what Toronto's infamous Ikea Monkey is up to now