Quote:
Originally Posted by WarrenC12
Replying to this from another thread. A few things here:
1. Wouldn't individual fares work out better financially for Translink compared to passes?
2. Agree on EVs and more fuel efficient vehicles, and possibly less driving.
3. Note that fares have not increased in line with inflation either.
Easy but unpopular solution:
Regional Sales tax of 0.5% for transit, eliminate everything else. IMO transit funding tied to economic activity should align well for the foreseeable future.
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Thanks for moving this here.
I'm just quoting TransLink, who said they were losing revenue from fewer pass holders and more individual fares. I guess pass holders tend to leave 'money on the card' that isn't used for trips?
The 2.3% annual fare increase limit through on 1 July in the past few years was a stipulation in exchange for TransLink receiving major emergency operating subsidies from the federal and provincial governments during the peak of the pandemic. Those funds have dried up now, and I assume the planned 4% increase will happen next July.
If a 0.5% sales tax would raise enough money, it seems like a good mechanism to fund transit, and be more broadly spread across the entire population, rather than certain groups. It would be more regressive than the current funding sources though.