Updated — Friday, November 27, 1:08 p.m.
At its meeting yesterday, Monday, November 23, the Toronto Transit Commission approved the TTC’s 2016 operating and capital budgets. It also agreed to raise the cost to ride the TTC, starting Sunday, January 3, 2016.
In 2016, you’ll have to drop another quarter into the farebox, if you pay by cash, as the adult fare increases to $3.25. The cost of each token jumps by ten cents to $2.90.
The commission agreed to freeze the cost of a Metropass at $141.50 per month. It also kept seniors and student fares at the current levels, while staff review appropriate fares for these two passenger groups.
The higher fares will contribute $17 million in additional revenue for the TTC’s coffers. The TTC says it expects to carry 555 million riders in 2016, with an operating budget of $1.7 billion. Nevertheless, it still has a $41 million shortfall in its budget.
The Commissioners are appealing to the City of Toronto to increase its support to the transit agency to fill that budgetary gap. Last year, the City supported the TTC to the tune of $474 million.
Despite the shortfall, the commissioners also approved major service increases:
- opening the subway an hour earlier — at 8 a.m. instead of 9 a.m. — Sundays;
- improving bus and streetcar reliability; and
- increasing express bus services.
According to a TTC news release, these changes “build… on the City’s unprecedented $95 million investment in public transit in 2015”.
The commission is the TTC’s board of directors. It oversees matters of policy and planning, building, maintaining and operating the TTC system and expanding its services and facilities.
Commissioners include City of Toronto councillors and members of the public.