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

Maine's Greater Portland Transit adds pass for high school students

The Transit Pass allows free and unlimited use of METRO bus routes during the academic school year, including weekends and break periods.

San Francisco introduces interactive, online performance dashboards

The site contains results from 13 key areas, including the percentage of on-time performance, mode share, crime stats, the agency’s carbon footprint, collision data and other information aligned with the SFMTA’s strategic plan.

ABC founder, industry icon Clancy Cornell passes

The founder of ABC Companies, Clancy grew a small transport service — Faribault Bus Service — into an industry force leaving an indelible list of accomplishments and memories in his path.

Chicago to buy 125 new buses per Mayor's 'modernization' plan

The new bus order is part of a contract CTA awarded to Nova Bus in January 2013. The new buses will replace the oldest vehicles in the fleet – the Nova 6400-series buses, which were purchased between 2000-2002.

Allied Specialty Vehicles names Furman to VP sales post for ASV Bus

Shawn Furman has been named southeast regional VP of sales for ASV Bus. Furman will represent ASV’s commercial, transit and school bus brands and report to John Walsh, vice president of sales and marketing for ASV Bus.

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 resource for managers of class 1-7 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