http://www.thestar.com/news/transportation/article/1216913--ttc-reports-22-million-surplus-due-to-ridership-growth-last-year

TTC reports $22 million surplus due to ridership growth last year
Published On Mon Jun 25 2012


The crowded Yonge line is one symptom of increasing ridership at the TTC, which continues to grow beyond projections.

LUCAS OLENIUK/TORONTO STAR
Tess Kalinowski Transportation Reporter


If you thought the TTC was feeling a little, let’s say close, in 2011, you weren’t imagining things.

The TTC was packing them in last year with 500 million rides — 13 million more than transit officials expected, resulting in a $22 million surplus, according to the system’s consolidated 2011 financial statements.

In part, that’s because a fare hike failed to result in as many lost riders as transit officials expected, said TTC chief financial and administration officer Vince Rodo.....
read it all here:
http://www.thestar.com/news/transportation/article/1216913--ttc-reports-22-million-surplus-due-to-ridership-growth-last-year

Please build the DRL now.

A sustainable transit system? Miraculous!

But then why is it taking so long to get things done?

If the TTC is actually producing a surplus, I don't know why they're doing things like cutting service on certain routes and taking so long to "revitalize" stations (Pape...).

it is producing a surplus on top of it subsidy. it is not a self sustainable system, even if it is the most sustainable in north america.

I hope this is a good thread to post this:

http://www.ttcriders.ca/how-did-council-vote-on-the-five-cent-fare-increase/

Now my question is: how come Karen Stintz voted NO??? Any ideas?

And yet they will raise fares again....

you can blame ford's budget cuts for that one. The TTC is already cash strapped and he cuts their budget even more, meaning that the TTC becomes even more expensive.