![]() ![]() ![]() (It was 4.8 percent in FY2022.) Compare this to New York MTA’s 2019 farebox recovery ratio of 52.6 percent, or Bay Area Rapid Transit’s 2019 ratio of 71.7 percent. Metro’s pre-pandemic 2019 farebox recovery ratio was 14.6 percent. Given its massive countywide sales tax revenue streams, Metro relies on fare revenue much less than other large U.S. In FY2023, between administration, maintenance, enforcement and other expenses, Metro is spending $79 million to collect $106.5 million in fares, so the net revenue totals $28 million The report “conservatively estimate that close to three-fourths of that revenue-nearly $78.84 million-will be eaten up by the costs associated with running the TAP fare system” Further, the net fare revenue is likely lower as the authors were unable to account for all of the costs associated with collecting fares, and the total expenses don’t include Metro transit policing contracts. ![]() The report notes that for every fare dollar Metro collects, Metro spends $0.75 on the expenses of collecting and enforcing fares.įor fiscal year 2023, Metro expects to collect approximately $106.5 million from transit fares. Universal fareless transit makes fiscal sense transit riders through interviews with 113 bus riders in Vermont-Slauson, Boyle Heights, and Exposition Park these riders’ first hand stories tell the real-world impacts that transit and its fares have on people’s lives.īelow are some highlights, though interested readers should check out the report itself, which weighs in at 51 pages, plus appendices. The report compiles a lot of Metro information, much of it obtained through public records requests. County City of Commerce went fareless in 1960, and continued to operate fareless to the present day? Additional larger examples include Kansas City, Missouri, Albuquerque, New Mexico, and Olympia, Washington. The report gathers information on transit agencies that have implemented fareless. The report’s lead author is Chelsea Kirk, SAJE’s Director of Policy and Research, Building Equity and Transit. This week, the nonprofit advocacy groups Strategic Actions for a Just Economy (SAJE) and the Alliance for Community Transit (ACT-LA) released their report The Road to Transit Equity: The Case for Universal Fareless Transit in Los Angeles. There’s a new report out that makes a compelling case for universal fareless transit in Los Angeles. ![]()
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