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Fiscal Challenges Since 2009

Fiscal Challenges Since 2009. 53% drop = State Transit Assistance SAFETEA-LU Reauthorization = TBD Local Tax Funding = Up/Down FY 12-13 = Projected $5 million deficit. Item 8-B: Service Changes August 2012. Deficit Mitigation Strategies.

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Fiscal Challenges Since 2009

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  1. Fiscal Challenges Since 2009 • 53% drop = State Transit Assistance • SAFETEA-LU Reauthorization = TBD • Local Tax Funding = Up/Down • FY 12-13 = Projected $5 million deficit Item 8-B: Service Changes August 2012

  2. Deficit Mitigation Strategies • Efficiencies to Date = $423,000 saved • Legislative recovery of federal funds • Service Changes/Reductions Item 8-B: Service Changes August 2012

  3. Service Changes Cost Savings/yr. • Downtown Ride: Ending Service 6/17$210,000 • Rapid 10: Cancel 6 trips $84,000 (b/w Venice & 2nd/Colorado) • Route 2: Truncate route $191,000 between Pico & Hill St. Item 8-B: Service Changes August 2012

  4. Route 2 - Background Original 2010 proposal: End at Civic Center (redundant w/Route 1) Adopted compromise: Continue to Hill St.; report on ridership Item 8-B: Service Changes August 2012

  5. Route 2 Productivity: Pico to Hill • Avg. ridership: 40 riders/$ hour • Southof Pico: 17 riders/$ hour • South of Pico:3 riders/bus Item 8-B: Service Changes August 2012

  6. South of Pico Costs • Segment Operating Cost: $191,600/yr. • Per Trip Subsidy: South of Pico: $4.25 (north of Pico: $2.75) (system-wide: $1.98) Item 8-B: Service Changes August 2012

  7. Route Subsidies

  8. Result? More Resources for All • Route 1, 8 & Dial-a-Ride Services • Saves 1 bus/full-time operator • Helpskeep fares low for everyone Item 8-B: Service Changes August 2012

  9. Staff Recommendation Approve changes* for Route 2 and Rapid 10 to save $275,000/yr. (*starting August 26, 2012) Item 8-B: Service Changes August 2012

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