As we announced last week, Metro is anticipating a 4-5% fare increase this summer to keep up with operating costs that continually rise due to the price of fuel, parts and supplies, and benefits like healthcare. Metro’s last fare increase was January 1, 2009. We have postponed a fare increase for the last two years to allow time for service to be restored and ridership to stabilize.
The week of April 16 we will host a series of public information sessions reviewing need for the fare increase, and we will ask for public feedback on the proposed fare increase options. Any one of the three options would allow us to meet revenue goals required to sustain and continue to enhance the transit system. Our Board of Commissioners is expected to make a final decision on passenger fares in May after a review of public comments.
Two of the three fare increase options presented focus on passes including the 2-hour pass/transfer, weekly and monthly passes. The proposed fare increases would create a pricing structure that more accurately reflects the utilization of these fare types. A third option involves small increases across all fares.
Our long-range plan requires a fare increase of approximately 5% every other year. This incremental growth in passenger revenue is critical for the long-range financial health of the transit system, and will prevent sudden, very large fare increases in the future.
Please review the fare increase options presented, and give your feedback in the comments below, or email us at FareIncrease2012@metrostlouis.org