Stops:

Did You Know???

ISLAND TRANSIT RETURN OF SALES TAX

TO ISLAND COUNTY OVER A 12-MONTH PERIOD

JUNE 1, 2008 – MAY 31, 2009

 

 In the last 12-month period, from June 1, 2008 to May 31, 2009, the employee payroll take-home and the goods and services Island Transit purchased that were dumped directly into Island County via Island Transit was:

$4,815,689

The 2009 projected sales tax revenue for Island Transit is:

$4,487,680 

  (The above figure does not include vendors that Island Transit does business with from outside of Island County.)

 For every one dollar an American taxpayer spends in support of public transportation, the economic return is at least 4 to 1, by creating jobs, congestion relief, business sales, health and safety cost savings, etc. 

For reference, log on to:

http://www.apta.com/research/info/online/documents/healthy_returns.pdf

 


  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Why do other systems report making money from the farebox?

  

Is it politics? All transit systems want to be successful in the eyes of their public. If transit systems were to report the true costs of collecting a fare as compared to how much they actually collect, a totally different picture would be presented.  Systems simply do not report all of the costs associated with the collection and administration of a fare system.  They certainly show the amount of funds collected, but if there is no gross and net comparison.  The pre-paid, fare free approach truly is the best and most efficient way to operate public transportation services for our size service, which has been proven in national studies more than once.  King County Metro, with a $525 million dollar budget, does gain some funding from their farebox/smart card system because they have lots of businesses that pay for advertising on the sides of their buses in addition to a huge number of riders paying a fare when they board the bus. However, the costs associated with the fare collection process are not available. The National studies and summary recommendations clearly state that fare charging systems do not make senses for medium and small systems because the costs of charging the fare wouldn’t even pay for the costs associated with the collection of the fare.