TTC report pins $30M budget shortfall on falling ridership

The TTC is en route to a budget shortfall of an estimated $30 million, which a staff report pinnedonlower-than-anticipated ridership in the beginning of 2016.

There were 83.9 million ridesin January and February of this year a drop of 1.4 million compared to this period last year, according to a TTC staff report. That representsfour million rides below the TTC'sprojected target for the first two months of this year.

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If the trendcontinues at thatrate for the remainder of the year, the transit agency could see the number of rides fall to between 530 and535 million, according to the report.

"Clearly, ridership is not where we want it to be," TTC spokesperson Brad Ross said of the "worrisome" trend.

"This is really early," he said."We'll see what March holds in terms of ridership."

Currently, the TTC projects a year-end total of 540 million rides, which is a minor increase to last year's 538 million rides.

Alongside the drop inridership, the report pinpointed slowing employment growth, declining adult Metropass salesand riders yet to "become fully acquainted" with service increases as possible reasonsfor the lower numbers.

The report addedthat the impact of lower gasoline prices, as well asride-hailing services like Uber, is "difficult to quantify" but GTA transit agencies believebothcontribute to declining ridership.

Bill Worrell, who is part of a TTC riders' group, said he is not surprised by the decline in ridership.

"Ithink that this most recent fare hike has been a deal breaker for some folks," he said.

"Given the fares and the servicesservice breakdowns, delays, things like that peopleare starting to look for other options."

The most recent city operating budget included a cash fare increase of 25 cents, as well as a 10-cent hike for tokens.

The TTC may need to scale back increasedservice on some routesto prevent a substantial deficit.

"There could be some cost savings to be had there. So peeling back some of that might be something we have to do," Ross said. Though he declined to specify which routes could be affected.

There is also $15 million in a TTC stabilization reserve, he said.

The report will be presented next Wednesday at a TTC board meeting.