TransLink Hikes Taxes, Fares for Stable Transit

0:00It's March 26th. Welcome to Canada News Today, powered by AI. I'm Cory with the story. TransLink's Board of Directors approved a big jump in property taxes this week, targeting an extra $727 million in. Revenue to keep transit running smoothly. They also greenlit fair increases, kicking it on July 1st as part of their 10-year plan, with most adult single-trip tickets going up about 5. Percent across 1, 2, and 3 zones. Riders will notice the pinch right away, especially kids and seniors facing smaller hikes of around 2-3% while those heading out from. Vancouver International Airport on the Canada Line pay 30% more on the surcharge, jumping from $5 to $6.50. This comes after pandemic funding dried up, leaving TransLink staring down deficits, but a provincial bailout of $312 million. It covers them through the end of 2027. With these moves in place, TransLink aims to lock in steady funding for the long haul and avoid service cuts down the road.