What do you think of the TTC's 5 cent fare hike?

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Earlier this afternoon the TTC made official what has long been expected - fares are going up. Tokens will now cost $2.65 and a monthly Metropass will now ring in at $128.50. Those paying out of pocket will be happy to now that cash fares will be held steady at an even $3. The price hikes, or course, are expected to help the TTC get control of its budget and bring in an additional $18 million in revenue in 2013 alone. The new fares take effect January 1st.

What do you think of the fare hike? Share your thoughts in the poll and comment thread below.

Photo by ssteve.o in the blogTO Flickr pool

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