TTC 2013 Budget Update (Update 2)

Updated November 30, 2012 at 5:00 pm:

The City of Toronto budget papers released yesterday include Budget Analyst Notes for the Operating and Capital Budgets.

These are different in format from the TTC versions in that they are cast in a standard reporting layout for City budgets and concentrate on the financing of the TTC from the City’s point of view.  All expenditures have a “gross” and “net” version with the difference made up by various revenues such as fares and subsidies from other governments.  That difference represents what the City must raise from its own resources (although some of this actually originates externally).

Continue reading