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Transit service expecting $39M shortfall in 2012: TTC

TORONTO, On. – A Toronto Transit Commission financial report claims the transit service is expecting a $39-million shortfall on its 2012 budget.

The findings will be presented to the TTC board next week.

The report assumes the city’s $429-million subsidy will remain the same next year; however, that could change depending on the final budget in September, TTC officials said.

The transit system is also expecting to add over 100 employees to its workforce.

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