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flag TTC requests $1.48B city subsidy for 2026 to freeze fares and launch fare-capping program.

flag The Toronto Transit Commission is seeking a $1.48 billion city subsidy for 2026, a $94 million increase from 2025, to maintain a fare freeze and launch a fare-capping program starting in September. flag The plan, which replaces monthly passes with free rides after 47 trips per month, will use $35 million from reserves and rely on city funding for nearly half the $3-billion budget. flag Ridership remains below projections due to ongoing remote work and declining student pass sales, though the TTC hopes the 2026 FIFA World Cup may boost usage. flag The agency faces a growing fiscal gap from rising costs and lower fare revenue, prompting calls for a new ridership strategy and performance-based funding.

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