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Saturday, July 05, 2014

Bus Fare Increase Bringing In Additional City Revenues

The city appears to be getting significantly more additional revenue than expected as a result of the bus fare change made at the beginning of the summer.

Beginning May 23, the city eliminated the $1-per-boarding option and forced all riders to purchase a $3 all-day pass.

Budget estimates called for the move to draw an additional $78,000 in the current 2013-2014 fiscal year, which ends June 30. According to data from the city’s Transportation Department, however, the period from May 23 to June 18 of this year saw $635,267 in bus revenue, a $117,591 jump from the $517,676 collected over the same period last year.

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