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No TTC fare increase

At a press conference this afternoon, the chair of the Toronto Transit Commission, Councillor Karen Stinz, announced that the TTC would not increase its fares to balance its operating budget.

Although details remain sketchy, apparently the City of Toronto has provided $16 million directly to the TTC and the TTC has “found” another $8 million to balance the budget.

The Commission meets tomorrow at 9 a.m. to discuss the budget.