Transit riders who depend on TransLink services will soon have to pay more.
The time for the annual TransLink fare increase has come, with TransLink officials meeting Wednesday morning for a discussion.
Fares are expected to rise by 2.3 per cent by this July, which will equate to a five- to 10-cent bump in fare per trip for Metro Vancouver riders.
The transit authority’s latest investment plan, which is from 2022, also proposes a four per cent increase in 2025, a three per cent increase in 2026 and then annual increases of two per cent until 2033.
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The plan also suggests a one-time bump to Metro Vancouver property taxes this year by $80 million, which will cost $37 more for the median property owner.
According to TransLink, the funds would help cover service increases and a $4.7-billion funding gap.
— More to come …
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