Many Torontonians will have to shell out more for their daily commute as the TTC raised fares starting Monday. The city’s transit agency is hiking the price of single cash and pay-as-you-go Presto fares for youth and adults by 10 cents.
The agency justified the fare increases when the budget was approved in January, saying in a press release that the revenue generated for the price hike will ensure the system is “reliable, safe and accessible for all Torontonians.”
“This budget balances our need to deliver safe service while managing lower revenues and increased operating costs associated with inflation and new transit lines,” TTC chair and Toronto city Coun. Jon Burnside said at the time. Some riders and advocates, however, have criticized the fare hike, arguing that, paired with the service reductions, it will disincentivize Torontonians from using public transit.
“These service cuts are very deep, and combined with fare increases, this budget will only drive more transit users away,” said Shelagh Pizey-Allen, executive director of transit advocacy group TTCriders, when the budget was tabled in January.As with many other transit agencies,. In mid-January, weekday ridership was about 67 per cent of pre-COVID levels.
This year, the TTC anticipates the low ridership, along with other lingering pandemic impacts, will cost the agency $366.4 million.
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