It's official -- the recently-announced TTC fare hike will be rolled out next month. The TTC board voted unanimously today to raise fare prices by 10 cents, starting March 1. The move only affects paid-in-advance fares; while tokens will go from $2.70 to $2.80, those paying cash will still only pay $3.

Metropass prices will also increase; monthly passes will rise from $133.75 to $141.50 for adults, discounted adult passes will go from $122.50 to $129.95, and weekly passes will rise from $39.25 to $40.75.

Mayor John Tory has said the hike, part of a $95-million improvement plan, will go toward a number of system improvements, including restoring cut bus service, establishing 10-minute or better bus and streetcar service, add two additional rush hour subway trains, and expand the Blue Night Network, and buy 50 new buses. Though the fare hike required only the approval of the TTC board, Tory's entire plan still has to go through council. In the meantime, you might want to stock up on tokens.

Photo by SteveC123! in the blogTO Flickr pool.