Bus

AC Transit adopts 10-year fare policy

Posted on May 12, 2011

The Oakland, Calif.-based AC Transit board of directors adopted a new 10-year fare policy that automatically raises fares at regular intervals. The first change will take effect in August with a 10-cent increase in the basic adult fare and a five-cent fare increase for youth, seniors and the disabled.

In what the directors called a "tough decision," the board voted 5 to one — with one abstention — to implement the changes largely because they felt they had no choice.

"We cannot expect to continue to have low fares without having some impact on service,'' said board President Elsa Ortiz. "For that reason I am voting for it."

The changes, effecting both AC Transit and Dumbarton Express riders, are intended to lead to more logical and equitable fares and pass prices, predictable fare increases over a 10-year period and creation of a seven-day bus pass. Primarily, now the agency will be better able to plan its budget by better knowing when and how much revenue to expect from fares.

"We're left with few other choices given the volatility of current funding sources," said Interim GM Mary King. "We have to consider fare increases, and the new fare structure will result in at least one source of predictable revenue for AC Transit."

The new 10-year policy raises fares by .25 cents every five years at two-year and three-year intervals. A re-evaluation of the agency's finances is mandated before any of the scheduled increases take effect.

The first fare increase in August is expected to boost the agency's annual revenues by $2.4 million, which roughly equates to 29,000 more hours of bus service.

Currently, the agency is facing a $14.9 million shortfall in working capital for the fiscal year ending on June 30, 2012. The agency is continuing to seek other revenue sources.

View comments or post a comment on this story. (0 Comments)

More News

TAPTCO, MSTCO create course to help drivers pass CDL test

The course is available in hard copy containing seven interactive CDs together with a trainer’s guide, a driver’s study guide, and a book of practice tests. Alternately, the course is available over the web through a learning management system, so that applicants can go through the training and practice tests from any location.

Canada's London Transit adding 28 New Flyer Xcelsior buses

The award is part of a contract extension from a Nov. 13, 2014 LTC contract, awarded to New Flyer, whereby a one-year extension on the contract was exercisable at the discretion of LTC.

Capital Metro retires last University of Texas shuttle bus

The fleet of burnt orange and white buses has served the UT campus since 1998 and has become a hallmark of Capital Metro’s longstanding partnership with the university.

COTA to provide free Wi-Fi on entire 444-bus fleet

The cost to COTA will be no more than $250,000 per year, though, the agency is hopeful negotiations with companies vying for the contract will result in no charge for them.

Suspicious device found on NY MTA bus

Discovered during a routine inspection, the device was attached with a large magnet to the bottom of the oil pan near the bumper.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close