The Toronto Transit Commission (TTC) is considering a new proposal that could revolutionize the way commuters pay for their rides. Instead of the traditional monthly pass, the TTC is exploring the concept of fare capping.
With fare capping, riders would no longer need to purchase a monthly pass for unlimited rides. Instead, they would enjoy free rides after hitting a predetermined monthly threshold. This innovative system is already in use by various transit agencies in the Greater Toronto and Hamilton Area (GTHA), including York Region, Mississauga, Burlington, Hamilton, and GO Transit.
The proposal offers three options for fare capping: 47 rides, 44 rides, or 40 rides per month. Each option comes with its own financial implications, with the TTC anticipating increased ridership but also potential revenue losses.
Currently, riders need to take around 48 trips per month to maximize the value of the existing monthly pass. Fare capping aims to provide customers with cost predictability similar to a monthly pass, without the upfront expense.
Additionally, the proposal suggests a slight increase in cash fares, as well as a fare increase across all payment methods, to offset potential revenue losses from the fare capping system.
City Councillor Josh Matlow supports the shift to fare capping, emphasizing the affordability and predictability it offers to Torontonians. The move is expected to not only save money for commuters but also boost ridership, reduce traffic congestion, and maximize the efficiency of the transit network.
TTCriders, a transit advocacy group, praises fare capping as a significant benefit for riders, especially those with lower incomes. They believe it will make public transit more accessible and affordable for a wider range of commuters.
Furthermore, the proposal recommends exploring rideshare levies as a sustainable revenue source to support public transit and reduce traffic congestion. Studies have shown that levies on rideshare services could generate substantial income for the city and encourage more people to opt for public transportation.