ST. LOUIS (KMOX) – Metro Transit has a budget of $249 million, but less than $200,000 of that from from the state of Missouri.
As KMOX News reported over the weekend, Metro is raising fares to help close that budget gap.
But will more expensive rides drive people away from riding Metro buses and MetroLink trains?
According to Metro spokesperson Dianne Williams, the agency simply doesn’t have another option.
“If you’re just getting twenty to twenty-two percent of your revenue from the fare box, then it doesn’t quite cover all of your costs,” Williams explains. “It is certainly good to have more people on our vehicles.”
Williams adds that transit agencies must have about one-quarter of their revenue coming in via fares.
The three options under consideration for rate hikes include ideas such as long-term passes to an across-the-board increase.
Public meetings on the fare increases begin April 16th.