TTC fares will go up by 10¢ on New Year's Day, but it remains City Council's call as to whether the commission will move forward with controversial plans to dramatically cut back its service.
Cash fares will remain stable at $3 for adults and $2 for students and seniors, but tokens will increase from $2.50 to $2.60, and Metropasses will increase by $5 per month.
The commission also agreed in principle to usher in 10¢ increases in 2013, 2014 and 2015. "We need to bring in some predictability ... and get out of this annual cycle of how we are going to make ends meet," TTC chairwoman Karen Stintz said.
This year, the commission voted to reduce service on 56 bus and six streetcar routes in order to meet a budget target set by Mayor Rob Ford's administration; some of those cuts have been avoided by an 11th-hour discovery of $5-million in extra funding.
The $5-million was originally budgeted for diesel fuel, which staff now believe will not cost as much. More than $1-million of the money will be used to maintain service levels at full capacity in January. The remainder will be put toward relieving peak hours the rest of the year.
Of course, to keep 2012 service anywhere near where it was in 2011, the commission is counting an influx of cash from City Council.
"We need to find $45-million to buy new buses to keep the service levels as they currently are, and that will be a decision for council in January," said Ms. Stintz before Wednesday's meeting.