Transit break costs taxpayers
Ontario taxpayers will spend just over $18 million a year to subsidize GTA transit users.
In a perk that mostly benefits commuters, Ontario is offering half-price TTC fares for riders transferring to and from GO Transit.
The catch is that riders will need a PRESTO card to take advantage of the deal.
The Ontario government has committed up to $7.15 million this year, and $18.4 million in the next two years, to compensate the transit agencies for the decreased fares, although the actual cost could vary.
The government does this for other local transit services that provide a discount in combination with GO Transit.
Premier Kathleen Wynne, with Transportation Minister Steven Del Duca and Mayor John Tory, officially announced the policy in downtown Toronto on Friday.
If a rider is moving to or from GO Transit or the UnionPearson Up Express, the TTC fare will be only $1.50 for adults, seniors or youth as of January — the beginning of an election year for both provincial and municipal politicians.
Commuters will be able to travel seamlessly throughout the GTA and Hamilton region, saving about $720 a year, Wynne said.
Tory said this initiative will make transit “a lot more affordable.”
“Having the city and the province work together, having Metrolinx work with the TTC, that’s how we make progress,” Wynne said. “This is among other things a celebration of that collaboration and a commitment to continue to do that.”