The TTC will have to come up with over $64 million dollars next year to cover the bill for its new contract with their workers as well as a plan to give the same deal to managers and non-union workers.
The increase is due to the arbitrated settlement that gave unionized workers a 6 per-cent increase over three years and will add close to $45 million to next year's budget.
Another $19 million would go to non-unionized staff and senior managers.
The transit union won a settlement by an arbitrator after Mayor Ford convinced the province to ban strikes at the TTC.
A report will be considered at at a commission meeting on Friday to decide whether non-unionzed workers should get the same increase as union workers.