Toronto's Transit Commission approved at 10 cent fare hike at a budget meeting on Wednesday night.
The hike, which will be effective Jan. 1, will generate an extra $60 million a year for the TTC.
It won't affect cash fares, but the price of tokens and day, weekly and monthly passes will increase.
Earlier in the day, dozens of TTC riders signed up to share their outrage over the fare hike and proposed service cuts.
TTC Chair Karen Stintz said that it is clear the public doesn't want to see a fare hike.
"That's why we're really trying to keep any fare hike close to the rate of inflation," Stintz told CTV Toronto.
TTC rider Jennifer Foulds said that she's angry the commission would even consider a fare hike.
"10 cents a ride might not seem like a lot but it adds up over time," Foulds said. "And I'm really tired of being gouged every time I turn around."
Another issue on the table was service cuts. Stintz said that a $5 million surplus from the money saved in diesel fuel this year will be used to maintain service.
The commission plans to keep all bus service the same until at least February but if the TTC doesn't find an additional $50 million, bus and streetcar service will return to pre-2004 service levels
Transit ridership is at an all-time high and the commission predicts that ridership will reach 507 million riders this year.
With a report from CTV Toronto's Dana Levenson
