TTC CONSIDERS FARE INCREASE FOR THE NEW YEAR

Nov 20, 2013

By Scott Walker

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We could be paying more to ride the rocket.

The TTC Board is meeting today to contemplate a fare increase in the New Year to cover rising costs.

It would be the first fare hike in three years.

The board will consider a number of increases:

  • a five-cent hike to the cost of a token;
  • a 25-cent increase to the cash fare;
  • boosting the Metropass by as much as five dollars a month.

The TTC is also looking for a subsidy of $428-million from City Hall.

The commission is expecting an increase in ridership next year. Since fares only cover about two-thirds of its costs through fares, it actually loses money when more people use the system.

The TTC’s subsidy is the lowest in North America at 78 cents per rider. By comparison, New York contributes $1.16 to its transit system. Montreal pays $2.21.

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