April 10, 2025, 6:21 pm
Facing an operating shortfall of roughly $600 million per year, Metro Vancouver’s TransLink is set to implement fare and tax hikes to shore up its finances. The revised pricing strategy is intended to generate essential revenue to prevent severe service cuts and address mounting maintenance challenges within the transit network. By adjusting fares, TransLink aims to secure the funds needed to sustain and potentially improve service levels, reflecting a broader trend among public transit agencies grappling with funding deficits while trying to meet rider expectations.
TransLink provides 5.5 million service hours every year, but has said it faced a shortfall of $600-million per year
TransLink is facing an annual $600 million operating deficit starting in 2026, which it has warned could lead to massive cuts in bus, SkyTrain and SeaBus service if not resolved.
2 stories from 2 sources in 7 days ago ... #politics #provincial #economy #finance #budget #publicpolicy #infrastructure #urban #bc #transportation
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