The meeting is looking at a report released on Tuesday which contains several suggestions on how to chip away at a $101 million budget shortfall.
They include reducing the frequency of service during rush hour periods on 50 routes, cutting Wheel Trans service for dialysis patients without mobility issues and slashing more than 300 jobs.
A 10-cent fare increase was also mentioned in the report but TTC chairwoman Karen Stintz says they'll wait to see if there will be provincial funding before that happens.
Meanwhile, a small group of transit users and activists dressed up like a streetcar gathered outside Nathan Phillips Square ahead of the meeting to call on the provincial and federal governments to help out.
The group says service cuts aren't the way to go. (CFRB)