TTC board approves budget, fares frozen again [Video]

The Toronto Transit Commission (TTC) board approved the agency’s recommended operating budget for the year, requesting a 6.5 per cent increase in city funding from 2024 and promising to freeze fares at 2023 rates and boost service across the network.

If approved by city council in February, the 2025 operational budget would be at about $2.82 billion, an $85.1 million increase compared to last year’s budget. TTC Chair Jamaal Myers told reporters on Friday that this year’s budget focuses on customer experience and safety.

“To put it simply, this budget is about ensuring that parents feel confident that their kids can ride the subway safely and that the bus comes when it’s supposed to come,” Myers said.

Part of the budget promises to pave the way in providing nearly six per cent more hours of service, according to documents released earlier this week, to accommodate congestion and improve reliability across the TTC.

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The goal would be to …