The Victoria Regional Transit Commission will be looking at a proposal to eliminate user fares across Greater Victoria, which brings forward a considerable challenge.
READ MORE: Victoria Regional Transit Commission meets to discuss idea of phasing out bus fares
Every year, BC Transit pulls in approximately $41 million in revenue from passenger fares across Greater Victoria. This makes up approximately a third of its entire budget. But that hefty chunk of revenue could soon disappear, after the City of Victoria put forward a proposal to phase out passenger fares over the next three years.
The challenge will now be finding new sources for that extra $40 million annually, something which Coun. Ben Isitt said could come from the redistribution, and possible increase, of property taxes.
READ MORE: Victoria gears up to axe free parking on Sundays
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