Drivers who use TTC parking lots could be shelling out a couple more bucks to park in the new year.
At its meeting Tuesday, the TTC Board will consider a $1 or $2 hike at 14 lots effective January 1, 2017. The price adjustment is expected to bring in nearly $1.5-million of additional non-fare revenue next year.
This hike comes alongside a 10 cent fare increase in 2017.
Staff have brought forward the report after council directed them to look into ways of maximizing revenue at TTC parking lots.
The lots with proposed hike changes are used, on average daily, at 85 per cent.
Currently, the TTC provides 24 commuter parking lots across Toronto.
They majority of people using TTC parking lots, at 60 per cent, are customers living within Toronto. The remaining customers live in suburban areas of the GTA including York and Peel regions.
About 69 per cent of people pay using their credit cards, 26 per cent using cash and only 5 per cent by using the Green P Mobile App.
Options for paid weekend parking and hourly parking were also considered.
The staff report says parking rates at most lots have remained unchanged for 15 years.