Get ready to spare a dime in the new year, TTC riders.
Transit commissioners voted Wednesday to hike fares 10 cents starting Jan. 1.
The vote was 7-1 for the 10-cent hike, Councillor Maria Augimeri was the lone vote against.
With the increase, TTC tokens will cost 10 cents more, rising to $2.60, while Metropasses will cost $5 more a month. The TTC’s cash fare will stay at $3.
A 10 cent fare hike for 2013, '14 and '15 was also approved in principle.
Commissioners also approved TTC chairman Karen Stintz’s plan to stop around half of the January cuts to TTC service on the busiest bus and streetcar routes and push off the remaining cuts until February. That move will cost the TTC an extra $3.3 million next year and force the transit authority to find around $45 million in capital funds to buy new buses.
Wednesday’s vote came after the TTC listened to several hours of deputations where dozens of speakers urged them not to hike fares and to avoid any cuts to service.
Edward Lantz, a member of the activist group [Toronto] ACORN, brought bags of coal to the meeting and delivered them to commissioners.