Bus

TriMet budget keeps fares, service steady

Posted on March 14, 2013

Portland, Ore.-based TriMet released its Fiscal Year 2014 budget. While there remains uncertainty ahead, the agency expects that there will be no service cuts or fare increases.

The key foundation of the $485 million operating budget assumes that the arbitration award for the just-expired contract with the Amalgamated Transit Union is upheld and TriMet’s offer stands, providing some breathing room and ability to invest in critical infrastructure.

The agency’s revenue projections are $28 million higher than previously projected. Part of the increase is due to a $9.5 million spike in additional federal funds dedicated to rail capital maintenance and about $4 million is related to higher inflation assumptions compared to last year.

Budget priorities include:

  • Accelerating new bus purchases, eliminating all older high-floor buses four years earlier than anticipated and reducing the average age of the fleet to eight years, which is the industry standard; $8.8 million for three years.
  • Increasing bus service to address schedule reliability and rush hour overcrowding; $1.6 million annually.
  • Continuing the Access Transit Fare Programs (previously called the Low-Income Mitigation Program); $1.3 million annually.
  • Hiring 10 operators to comply with new Hours-of-Service policy for bus operators; $1 million a year.
  • Increasing the contribution to union unfunded defined benefit pension fund; $4 million in FY14, $2 million in FY15.
  • Increasing light rail vehicle and track maintenance, plus improve lighting and stations renewal along the MAX system; $9.5 million.
  • No fare increase (a loss of $2 million in revenue).

TriMet still faces a future of service cuts and fare increases if the agency does not win the arbitration award challenge and prevail in making reforms in the upcoming contract. Current contract negotiations are at a standstill.

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

More News

Mich.'s BATA adds propane-powered buses to fleet

The propane-powered buses have multiple benefits that will help make its vehicle fleet more environmentally friendly and save on fuel and maintenance costs in the long run, according to the company.

BusCon '16 features more than 80 buses, debuts maintenance forum

This year's event definitely had something for everyone, including the most buses on one North American show floor, a closer look at issues set to impact transit maintenance professionals, an up-to-date look at electric buses and a the BusCon Connect hosted buyers program. 

Seattle taps CH2M to deliver BRT expansion program

This BRT program, which is part of the voter-approved Levy to Move Seattle, will provide high-quality transit throughout some of the densest areas of Seattle.

Hometown Trolley acquires Supreme Corp.'s American Trolley product line

The purchase furthers Hometown Trolley's overall strategic business model to become the leading trackless trolley bus manufacturer in the North American transit industry.

Volvo Buses unveils pedestrian and cyclist detection system

The system will be introduced on Volvo’s European city bus fleet in 2017.

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