Fare Increase Program News Today

So, it would be this retroactivity would take place six months after the fare increase that this would compare to. Thanks. I dont get why we do this, but lets keep going. Okay. Mr. Lee, can i say mr. Rifkin pointed out that 2020 for the feeder agreement, the Contract Expense of that, this one would extend only to 2014 because were trying to maximize our ability to negotiate after the bart boards fare policy increase. And this allows us to negotiate to our own interests for the mta and the city b...

Agreement gave about a 32 discount, the reimbursement rate was probably 32 less than the price of the full fare ticket. And per the bart board fare policy which has been in place over 10 years at this point, the bart board regularly increases fares every two years at a rate consistent with cpi less half a percent for productivity improvements. With this fare policy in place over the last decade, there has been there have been occasions when the fare has actually increased faster than the rate of...

10 , but not on the total amount. So, for example, if the fares were to increase 10 in rider ship growth were to be 5 , then the total amount increase would be 15. 5 . And then the future reimbursement rates would be tied to the percentage of growth in bart fareses similar to the way its been historically structured. Those were the terms of the past agreement. Thank you. And then the mta has already budgeted to provide a retroactive payment for these agreements . Yes. The agreement . That is my ...

Barts fare increases ostensibly represent the cost of bart providing the service. So, as barts costs go up, i dont think its unreasonable that that cost may go up. Its true, we dont control barts fare increase, but i think its also fair to say that barts not making its fare policy decisions based on, you know, what its going to get out of this agreement. I know you werent suggesting this, butedth fact that we dont control it i guess my point is i dont think is inherently a bad thing. And then fi...

It is now more expensive to travel the Bay Area.

Get ready! #BART is about to increase fare!