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The savings are based on the cost of commuting by public transportation compared to the cost of owning and driving a vehicle, which includes the Nov. 23 average national gas price and the national unreserved monthly parking rate numbers.
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Fleet managers for transit agencies, universities and schools, governments and for-hire transit companies are encouraged to register while spaces are still available.
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The new contract, which begins July 1, enables city of Independence riders with disabilities who depend on paratransit services would only need to make one phone call to get transportation.
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According to a proposed, one-year contract between the city of Independence and the KCATA, the city will pay the KCATA $685,005 for those services. Independence estimates the management transfer will save the city about $100,000 a year.
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Some of the benefits discussed by a CityLab report, include a 70% savings in staff, higher frequencies, significant operational savings and more room for passengers.
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The savings are based on the cost of commuting by public transportation compared to the cost of owning and driving a vehicle, which includes the March 30, 2015 average national gas price of $2.42 per gallon- reported by AAA — and the national unreserved monthly parking rate numbers.
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Agency is still using paper to perform some basic financial functions, including purchase requisitions, purchase orders, incoming and outgoing invoices and pay stubs, officials said.
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APTA releases this monthly Transit Savings Report to examine how an individual in a two-person household can save money by taking public transportation and living with one less car.
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Fleet owners and managers can choose to retrofit their existing fleet with the Kinetics Hybrid or order it to be installed on new vehicles. They can also use the program to refinance their current fleet vehicles or purchase new ones with the Kinetics Hybrid system installed.
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The deal, with agreements totaling $40 million, marks the first time that New Markets Tax Credit Financing have been used to fund a public transportation initiative.
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