The Toronto Transit Commission is recommending a fare increase of 25 cents per ride and the cost of a monthly metropass go up $17, the City of Toronto says.
The recommendations were proposed as part of the TTC’s $1.4 billion operating budget for 2010, 70 per cent of which is funded by fares.
The cost of a metropass will go from $109 to $126.
In addition to changes to adult fares, metropasses for seniors would go up $12.75. If approved, the increase in prices would take effect on January 3 next year.
Reports say the commission is trying to make up for a $100-million budget shortfall and that a 25 cent increase would raise about $45 million in revenue.
TTC Chair Adam Giambrone says it’s ultimately up to the commission to decide if a fare increase is necessary.
“We will be looking for ways to minimize it as much as possible,” he says.
Giambrone says the commission meeting on November 17 will give better idea what a possible fare increase may look like.
These are the proposed adult fare changes:
cash - $3, up 25 cents
token - $2.50, up 25 cents
weekly pass - $36, up $3.75
regular Metropass - $126, up $17
VIP - $111, up $15
MDP - $116, up $16
