This Post Brought to You By the Number 33
First, the Board approved releasing Metro’s long range plan for public comment. A final draft will be ready for release in mid-March for public comment. The final plan could be voted on as early as the June Board Meeting.
So, what’s the problem? Metro’s plan counts on a farebox recovery ratio, meaning the total cost of the trip that is paid for by the rider, of 33%. Currently, even after the recent fare hike, Metro is “recovering” 28% of the cost of each trip. To cover that gap, Metro would have to increase fares at least as much as they did in the most recent fare increase.
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