03-23-2017, 07:21 AM
The federal budget yesterday scrapped the transit tax credit, which made transit passes about 15% less expensive.
Depending on how price elastic demand for transit is, that could be a significant headwind for transit ridership growth everywhere. Or just a very minor one. I personally won't be surprised to see it mentioned to justify slower-than-anticipated ridership growth on many services' reports in a year or two's time.
Depending on how price elastic demand for transit is, that could be a significant headwind for transit ridership growth everywhere. Or just a very minor one. I personally won't be surprised to see it mentioned to justify slower-than-anticipated ridership growth on many services' reports in a year or two's time.