LONDON, Ont. - Get ready to pay more to ride the bus in London, Ont. in 2020.

The London Transit Commission approved a far increase on Wednesday night, with fares set to rise as much as 18 per cent.

Facing a multi-million dollar budget crunch, the LTC is looking to raise an additional $3.3 million next year from fares.

Staff recommended spreading the increase across all fare categories including cash tickets and monthly passes.

A cash fare will rise from $2.75 to $3.00 whereas a monthly pass would rise from $81 dollars to $95 dollars.

This would be the first fare increase since 2008.