The Toronto Transit Commission's staff has recommended a fare increase of 25 cents per ride that would take effect on Jan. 3.
In a news release sent out Wednesday by the city, the TTC said it has a proposed 2010 operating budget of $1.4 billion, of which 70 per cent is funded by fares.
The city provides a subsidy, and there is additional revenue from advertising and commuter parking. With the city staring into the abyss on its operating budget, civic politicians say there's nothing available to increase the TTC's subsidy.
Under the proposal, adult fares would change as follows:
- 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
The new Metropass price will be based on 50 rides, up from 48. The popularity of Metropasses is considered to be part of the TTC's revenue problem, as the service has been averaging $1.78 per ride instead of $1.80. This will cause an estimated $22 million shortfall in the 2009 operating budget.
In addition to changes to adult fares, seniors would see cash and ticket prices rise by 14 cents, with a Metropass going up $12.75 to $104.
Children would see cash and ticket prices rise by a nickel. A cash fare would cost 75 cents, and a ticket would cost 55 cents.
Day passes would rise to $10, up one dollar.
The commission will consider the fare increase at its Nov. 17 meeting. If it is accepted, the TTC will see its revenues go up by $62 million.
Service levels will be maintained at 2009 levels, the TTC said.
" As well, TTC staff will continue to review efficiencies in advance of presenting its operating budget ...," it said.
Last week, the TTC reduced its 10-year capital plan by $538 million, which is $300 million less than the city had requested.
With files from the Toronto Star
