The TTC is set to back off on the immediate introduction of the Presto card reader system in order to save $16 million and thus meet budget restrictions set by City Council. Originally, the TTC planned to spend $30 million to have the Presto system fully in place by the middle of 2017, but delays are expected to push that back further into next year, the report said. With that delay the TTC would only need to spend $14 million for the Presto program next year, a reduction of $16 million. Just like running a household budget.
