02-15-2019, 05:18 PM
According to the Budget Committee Agenda for the February 19th meeting:
Despite the increase in revenue in 2018, staff are recommending a 3% fare increase to be made effective Sept 1, 2019.
Quote:Total GRT fare revenue in 2018 was $36.8 million, which was $2.7 million higher than the 2018 budget. The preliminary 2019 GRT fare revenue base budget has been increased by approximately $1.8 million to $35.8 million. Incremental fare revenue of $3 million has been included in the ION Light Rail Transit 2019 operating budget, bringing total budgeted transit system revenue to $38.8 million.
Despite the increase in revenue in 2018, staff are recommending a 3% fare increase to be made effective Sept 1, 2019.