Below are excerpts from the final report from the Mayor of the City of Toronto’s Independent Fiscal Review Panel released in mid February:

  • The TTC is one of the largest transit organizations on the continent and is highly specialized and complex to run.
  • The TTC also plays a vital role in the economic development of the City.
  • From our view of the TTC there were many things that impressed us. By most international benchmarks it is among the best in the world. It is also the only major transit operation in the world that does note receive operating subsidies from a national government; indeed, the TTC is the least-subsidized major transit authority in North America.
  • The TTC has also become very adept at doing whatever it takes to fight for the capital it needs just to keep the system operating, let alone carving out its ambitious plans for extensive multi-phased expansion.
  • Senior staff are experienced managers who are in a very specialized operating business that is as deep and complex as it is important to the very core of Toronto.
  • The City and the TTC must take a leadership role in discussions to achieve a co-ordinated regional transit and transportation plan by working with Metrolinx, GO Transit and the Province.
  • From our assessment an uploading of the TTC to the Province is neither necessary or practical at this time.

For the complete report, Blueprint for Fiscal Stability and Economic Prosperity — a Call to Action, please visit www.toronto.ca/mayor_millerThis is an external site and it will open a new window