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Nevada County Transit Services Paratransit Fare Review

Nevada County Transit Services Paratransit Fare Review. Paratransit Fare Revenue Review. Paratransit Fare Background. The Transit Development Act (TDA) requires an annual fare box recovery ratio of at least 10% (combination of overall fixed route and paratransit fares.)

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Nevada County Transit Services Paratransit Fare Review

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  1. Nevada County Transit ServicesParatransit Fare Review Paratransit Fare Revenue Review

  2. Paratransit Fare Background • The Transit Development Act (TDA) requires an annual fare box recovery ratio of at least 10% (combination of overall fixed route and paratransit fares.) • Fare box recovery ratio is the ratio of passenger fare revenue to total operating costs. • The challenge of meeting the 10% fare box recovery ratio is impacted by increased operational costs and inflation. • No increase in ADA corridor fares since 1991. • No increase in the defined outlying service area fares since 2003. • Paratransit contract service costs have continued to increase each year with the potential to increase up to 3% annually per contract agreement. • In FY2012-13 and 2013-14 the paratransit fare box has been under 10%. The GCS fare box has enabled the annual overall combined recovery ratio meet the 10% requirement.

  3. FY 2012-13 Fare Box PERCENTAGES % FY 2012-13 Combined Totals: Operating Costs = $1,472,711 Fare Revenue = $ 196,215 Combined Fare Box = 13.3%

  4. Current FY2013-14 YTD Fare Box Percentages % FY2013-14 YTD Combined Totals: Operating Costs = $1,480,047 Fare Revenue= $ 154,887 Combined Fare Box= 10.5%

  5. PARATRANSIT FARE SCENARIOS • Current Fares: $2 ADA/$4 outlying service area ►Paratransit fare box = 6.0% ►GCS fare box must be @ 14.05% to make overall 10% • Fare Increase Scenario #1: $2.50 ADA/$4.50 outlying service area►Paratransit fare box = 7.34% ►GCS fare box must be @ 12.66% to make overall 10% • Fare Increase Scenario #2: $3 ADA/$5 outlying service area ►Paratransit fare box = 8.76% ►GCS fare box must be @ 11.24% to make overall 10% • Fare Increase Scenario #3: $3 ADA/$6 outlying service area ►Paratransit fare box = 8.90% ►GCS fare box must be @ 11.10% to make overall 10% • Note that Fare Increase #1, #2 and #3 are based on current performance data and include a 3% contract price increase in Year Two of the paratransit provider contract.

  6. PARATRANSIT FARE CONCERNS • Paratransit fare box recovery was below 10% in FY2012-13 and continues in FY2013-14 due to increased contract costs. • Meeting the required 10% combined fare box recovery ratio is dependent on the GCS fare box continuing to be at a defined level both short and long term. This is a challenge that expands in FY2014-15 with increased operational costs due to the service hour expansion. • Overall operating costs for both paratransit service and GCS are projected to increase annually. • Considering a paratransit fare increase is a tough issue to tackle as it will impact passengers regardless of the increase amount.

  7. PARATRANSIT FARE RECOMMENDATIONS • Staff considers a combination of a reasonable fare increase, enhanced paratransit productivity and efficiency, along with efforts to reduce paratransit fixed costs to be viable actions that will support a higher paratransit fare box recovery ratio. • It is staff’s belief that the Fare Increase Scenario #2 is the action that most comprehensively addresses the fare box challenges and concerns we will continue to face on an annual basis. • Staff recommends consideration of the Paratransit Fare Scenario #2, an increase of fares to $3 one-way in the ADA corridor and $5 one-way in the outlying defined service area.

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