The TTC's operating budget is in the order of $1.5 billion a year. We receive slightly more than a billion dollars a year in revenue. The balance is met by subsidies, and that's the tax base. The first $91 million from the provincial government in gas tax actually goes to help offset the operating budget. So we get subsidies on our conventional system from the City of Toronto in the tax base of about $430 million.
On November 16th, 2011. See this statement in context.