On Monday, the TTC board voted to hike its cash fares for the second straight year, and the sixth time since 2010.
The 25-cent increase aims to help address a massive budget shortfall in 2016.
Mayor John Tory even suggested an annual fare increase, sure to be a unpopular proposition.
The 2016 cash fare rises to $3.25, while a token increases to $2.90. It’s a far cry from the early days of the Toronto Transportation Commission, when a ride cost all of three cents.
Budget shortfalls are a perpetual problem for the TTC; it’s been nearly 50 years since fares last covered operating costs, and provincial subsidies disappeared in 1996.
Here’s an abbreviated history of price hikes and other events in the TTC timeline.
- Ontario is changing what developers pay to build. Feds say it means ‘higher taxes’
- Officer was standing when struck, Crown tells jurors in closing submissions
- Toronto Pearson gold heist: Multiple people charged in historic $20M theft
- Gas prices in Ontario, Quebec to jump to highest level in 2 years: analyst
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