The Metro Board of Directors voted in increase one-way bus and rail fares in September from $1.50 to $1.75, day passes from $5 to $7, and monthly passes from $75 to $100. This is to offset an expected $36 million gap in the agency's 2016 operating budget.
Metro's fares have remained among the lowest of big-city transit agencies because it heavily subsidizes fares: Metro's farebox recovery rate is 26%, and there is concern that unless that ratio is increased to 33% it could jeopardize the agency's chances of receiving future federal grants.
This is Metro's fourth fare increase since 1993; the most recent was in 2010. Fares for seniors and the disabled have not increased since 2007.
Read more in the LA Times.
Metro's fares have remained among the lowest of big-city transit agencies because it heavily subsidizes fares: Metro's farebox recovery rate is 26%, and there is concern that unless that ratio is increased to 33% it could jeopardize the agency's chances of receiving future federal grants.
This is Metro's fourth fare increase since 1993; the most recent was in 2010. Fares for seniors and the disabled have not increased since 2007.
Read more in the LA Times.
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