TTC board approves 5-cent fare hike
Published Wednesday, November 21, 2012 8:43AM EST
Last Updated Wednesday, November 21, 2012 4:11PM EST
TTC board members have approved a fare hike that will force customers to pay more for tokens and Metropasses as the transit agency faces a $28-million budget shortfall.
Commissioners met Wednesday to confirm a previous “approval-in-principle” of a proposed five-cent increase that will take effect Jan. 1.
The cost of a single token will increase by five cents to $2.65, while riders will pay an additional $2.50 a month for a regular Metropass, or $30 a year.
Post-secondary Metropasses, weekly passes, day passes and PRESTO fares will also increase in price.
Cash fares, currently set at $3 for adults, $2 for seniors and 75 cents for children, will not change.
It is estimated the fare hike will generate an additional $18 million a year for the TTC, leaving it with a remaining budget gap of $10 million.
In a staff report, the TTC explained its reason for the move, saying “a modest fare increase in line with the rate of inflation is required to balance the budget.”
Here is a breakdown of how the increase will affect individual fares:
|Adult||Current fare||New fare|
|VIP Tier 1 (50-249)||$113.50||$115.50|
|VIP Tier 2 (250-499)||$112.50||$114.25|
|VIP Tier 3 (500-plus)||$111.50||$113|
|Cash||75 cents||75 cents|
|Ticket||60 cents||60 cents|
|GTA weekly pass||$54||$55|
|Downtown express sticker||$37||$37.75|
Cellphone access on platforms
In addition to setting new fares, TTC board members will decide whether to award a $25-million, 20-year contract to Broadcast Australia Pty. Ltd. to provide cellphone access at 61 underground subway stations.
The company will pay the TTC an additional $8,000 plus taxes for design review cost.
The TTC is hoping to have all platforms cellphone-ready within two years, meaning riders will be able to use their phones when they’re waiting for a train.
Deals still have to be worked out with wireless carriers.
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