Handwritten notes on TTC doc: how to cancel a fare hike
Mayor Rob Ford can expect some teasing mixed with the relief at news that city staff and the TTC have, in a day, found $24 million to cancel a threatened 10 cent fare hike.
Ford revealed the threat of a hike at a Monday morning pre-budget news conference, repeatedly saying "I am not happy with this" but putting his full confidence in TTC chair Karen Stintz to save the city's commuters.
On Tuesday, Stintz announced she has done just that, with a $16 million boost in the TTC's funding (the city won't say which pot it came from) and $8 million from the TTC (which says they will find the money later).
That might lead to charges of back-of-a-napkin-style budgeting. A document posted on the TTC's website suggests that might be all too true.
On what looks like a scanned-in document, a line is drawn in blue pen through the sentence: "Approve a 10 cent fare increase effective January 30th is shown in Appendix B" and also a section on funding.
Below that is a handwritten note stating: 10 cent fare increase (24), City subsidy 16, unspecified budget reduction 8
Other notes are contained in the document, including knocking down a list of $66 million in expenditures to $58 million.
Anyone recognize the handwriting? Below is a Karen Stintz signature.