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how much of metro transit operating costs do riders actually pay?

how much of metro transit operating costs do riders actually pay? News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



how much of metro transit operating costs do riders actually pay?

as king county metro considers a fare hike, the agency gets roughly 31 percent of its operating costs from fares, with the rest coming from taxes. that number meets metro’s target but is lower than the national average.it’s no secret that bus fares don’t pay for the full cost of a bus ride. anyone who’s voted on a transportation levy knows that.transit systems are funded by a mixture of fares and tax money. fares cover almost none of most transit systems’ capital expenses — the costs of building a system — and only a portion of operating expenses — the costs of running a system.with king county metro currently pondering a fare hike, how much of its operating costs are covered by those fares, and how much comes from taxes?metro brought in nearly $160 million in fare revenues in 2015, the most recent year for which data is available, enough to cover about 31 percent of operating costs. that ratio — known in transit-speak as farebox recovery — is slightly lower than the national average, meaning metro is slightly more dependent on taxes (as opposed to fares) than the average transit agency.most read storiesunlimited digital access. $1 for 4 weeks.the ratio for all transit agencies nationally was 36 percent in 2015, according to federal transit administration data.sound transit’s light rail, while grabbing headlines for the tax hikes that fund its construction, actually draws more of its operating expenses from fares — about 40 percent — than either me...