Last night, the TTC board approved a 10-cent fare increase for tokens, reducing their shortfall for next year’s budget to about $61 million. As Toronto Transit Commission CEO, Andy Byford, emphasized during his presentation, the board had very few choices. A fare increase was an inevitable and unfortunate necessity.
Cash fares will remain the same, but the cost of a token or a PRESTO single ride will increase to $3. A monthly Metropass will go up to $146.25 for adults and $116.75 for post-secondary students. Cash and ticket prices for seniors and students will also increase by 10 cents.
The change will be effective as of January 2017, although the board did pass a second motion saying they will recommend freezing fares in 2018.
The TTC will now have to turn the budget over to the city budget committee, who will then decide whether to approve the budget with the 2017 shortfall. The fare increase will result in an extra $27 million for the transit agency. That, in combination with a number of efficiency cuts, has already lowered the shortfall from $230 million to $61 million. By approving the budget Monday, the TTC board is saying there is no other way to cut the budget. They have done everything they can without increasing fares by an even more substantial amount or without cutting services.
The TTC receives a very small subsidy compared to other North American cities — 90 cents per rider. Vancouver’s subsidy is $1.89 per rider and Calgary is $1.69. York Region, whose transit network is much smaller, has a subsidy of $4.56. Without more funding, there is absolutely nothing the TTC can do but increase fares.
As much as city council is against raising property taxes, it was clear that concerned transit users are fine with it. Most wanted all residents to contribute, whether it was through tolls or property tax, so that seniors and low-income families don’t have to walk across the city to get to work because they can’t afford public transportation. Raising property taxes was actually a suggestion given to the board by a Toronto resident.
Byford has done all he can do in terms of finding efficiencies, cutting the budget by another 2.6 per cent for the second year in a row. During a time where the TTC is working with the city to build more transit and improve service, this is not a time for cuts.
Now, it’s the city’s turn to take this budget and commit to investing in public transportation. Residents have said they are willing to contribute through taxes, and there are other forms of revenue such as tolls that can be used to help decrease the shortfall, so let’s run with it! It’s time to seriously invest in transportation, especially if Toronto has any hope of completing our integrated transit network.