Hamilton’s mayor is trying to negotiate a better deal, as GTHA mayors duel with Metrolinx over the fee that they pay to be part of the Presto transit card program.
The provincial agency is looking to increase the 2.5% rate that municipalities pay for each “tap”, allowing card holders to ride different transit systems.
Fred Eisenberger adds that numbers currently on the table would increase Hamilton’s cost from 500 thousand to about two million dollars each year.
He notes that mayor’s rejected that offer during a meeting earlier this week, and will continue to negotiate.
The city receives annual provincial gas tax revenue of close to $11 million and participation in Presto is required to keep that money flowing.