A potential fare increase and a plan to start subway service earlier on Sundays will be among the items up for debate today as the TTC budget committee meets.
TTC is facing a $53 Million shortfall. 54% of TTC’s income, comes from the Metropass. 95% of TTC’s yearly revenue comes from passenger’s fares.
TTC CEO Andy Byford has previously said that a fare hike is on the horizon however, TTC Chair Josh Colle said last week that he intends to introduce a motion at today’s meeting calling for a freeze on the price of Metropasses, which is currently $141.50 for adults.
Increasing Yearly Cost of Metropass from 2008 to 2015:
In 2008 – An Adult Metropass cost $109.00
In 2010 – An Adult Metropass cost $121.00 (an increase of $12.00 from 2008)
In 2012 – An Adult Metropass cost $126.00 (an increase of $5.00 from 2010)
In 2013 – An Adult Metropass cost $128.50 (an increase of $2.50 from 2012)
In 2014 – An Adult Metropass cost $133.75 (an increase of $5.25 from 2013)
In 2015 – An Adult Metropass cost $141.50 (an increase of $7.75 from 2014)
To put these numbers in perspective, adults paid $1,308.00 in 2008 for a Metropass and in 2015 that same Metropass now costs $1,698.00 or $390.00 more than it cost 7 years ago.
If we divide $390.00 by seven years, adults who purchase the Metropass, have seen average annual increase of $55.72 for the Metropass, since 2008.
“Metropass users are certainly our most loyal customers and their pass has steadily increased (in price) almost every year while the cash fare has remained untouched,” TTC Chair Josh Colle told CP24 on Monday afternoon. “I just think to be fair and make sure we don’t lose riders because we hit a certain price threshold we need to have the freeze.”
Earlier this month, the TTC budget committee discussed the merits of seven different options for hiking fares but did not endorse any of them ahead of today’s meeting.
The options that were considered by the budget committee at the time included hiking the cash fare by 25 cents, increasing the cost of tokens, day passes and Metropasses to include average fare hikes of either five or ten cents, creating a single cash fare that would eliminate the discount currently given to students and seniors, or creating a single fare across the board that would eliminate student and senior discounts for Metropasses and day passes as well.
The fare hike is being proposed as a way to cover a $95 million hole in the TTC’s budget.
“Our preference would always be to have no fare increases but the reality is that at the TTC we can only really rely on the property tax base contribution from the city and that is limited,” Colle told CP24. “We need the province and the feds to step up so we are not having this interview every year and punishing our riders.”
In addition to hiking fares, the TTC budget committee is also expected to debate a proposal from Colle to move the start of Sunday subway service up one hour to 8 a.m. at a cost of about $1 million annually.
The proposal was first made by Colle and Mayor John Tory last week after it was revealed that efforts were being made to reduce the maintenance window that previously accounted for the late start.
“My ultimate goal would be to have the subway open the same number of hours every day and to even extend those hours,” Tory told reporters at the time.