Fiscal Note
Metro Fare Revenues: Decrease
|
$682,000
|
Metro Reserves Generated
|
$(235,329)
|
Metro Fare Revenues: (Increase) |
$(40,000) |
Metro Transit Point Security
|
$(25,000)
|
Fund Balance Applied (Increase)
|
$(100,000)
|
Misc. Approp.: Transit for Jobs
|
$(40,000)
|
Total |
$241,671 $(40,000)
|
Levy Impact: |
$241,671 $(40,000)
|
Title
AMENDED OPERATING BUDGET AMENDMENT # 30 - Metro Transit; Funding Sources / Fund Balance Applied; Miscellaneous Appropriations / Other Direct Appropriations / Transit for Jobs, p. 118, 12, 10
Body
Eliminate revenues derived from fare increases ($682,000). Eliminate funding for Reserves ($235,329). Eliminate funding for Clean Air Action Days (this will increase fare revenues by $40,000) and appropriate the $40,000 to Metro Reserves. Reallocate $100,000 of the Fleet Services fuel savings from Fund Balance Applied (as approved by a BOE amendment) toward support of Metro. Reduce funding for Transit Point Security by $25,000. Reduce funding for the Transit for Jobs program by $40,000 and move the program to the budget of the Office of Community Services. Add a budget highlight to require that Metro Transit create a report on the impacts of fare increases on:
1) the long-term health of Metro;
2) business growth in Madison; and
3) low-income ridership.
Metro should also develop a series of recommendations to provide fare relief to low income riders in order to prepare for future fare increase recommendations should economic and budget conditions warrant.