TransLink agreed to hold fare hikes to 2.3 per cent until 2024 as part of a deal with the provincial government for $644 million in funding under the Safe Restart Agreement.
The organization said it needs to increase fares to maintain service and cover a funding shortfall in the midst of lower ridership.Story continues below advertisementUnder the changes, an adult one-zone conventional ticket climbs five cents from $3 to $3.05. An adult one-zone compass card trip climbs from $2.40 to $2.45. And an adult monthly pass climbs from $98 to $100.25. A concession one-zone fare climbs from $1.95 to $2, and one-zone concession monthly pass climbs from $56 to $57.30.
The proposed fare increase applies to regular and discounted fares, and is expected to generate about $4 million per year.Property taxes to go up to support TransLink – May 26, 2022
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