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L.A. Metro proposes fare increases to address deficit
Posted By admin On February 3, 2014 @ 10:12 am In Amtrak/Commuter News,Bus News,News,Recent Updates | Comments Disabled
The Los Angeles County Metropolitan Transportation Authority announced last week that it was considering a number of fare-restructuring options that would increase fares, change its current transfer policy and help the bus and rail operator address its mounting operating deficits.
Currently, all Metro rides are $1.50 per one-way ticket, a fee that officials say only covers 26% of the cost of operating the buses and trains. In a report released Friday, Metro asked for the public’s input on two options, the first of which calls for a gradual increase in base fare to $1.75 for the next four years with an eventual rise to $2.25 after eight years. A second option incorporates dual pricing for off-peak and peak hour riding with a final base fare of $3.25.
Read the complete story at the Long Beach Post.
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