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| Re: NJT Farebox recovery by every route (306255) | |||
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Re: NJT Farebox recovery by every route |
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Posted by kcram3500 on Fri Jul 3 10:55:29 2015, in response to Re: NJT Farebox recovery by every route, posted by Joe V on Fri Jul 3 07:02:20 2015. The farebox recovery statistic is not about overall profit or loss.The only figure that NJT uses to calculate the subsidy it needs is the system-wide farebox recovery percentage. That, plus its other known revenue streams (advertising, property/equipment leases, and such) calculates the amount that must be offset by state subsidies against their overall operating expenses. Any bus or rail line that takes in a higher farebox rate than the system average is making money that assists the routes that are below the average farebox rate. NJT's system average is generally in the mid to upper 40s. The proposed FY2016 budget estimates 48% for the upcoming year. By the chart (which is FY2014), the 139 has a farebox recovery of 85.4%. That means the subsidy allocated for the route based on 48% can be transferred to a route that doesn't do as well, like the River Line light rail which is heavily subsidized at $1.50 per trip regardless of length and has a poor 10% recovery rate. That is why NJT says their NY commuter routes "make money". All of the 130s and most of the 160s and 190s are above the system average, thus their unused subsidies help pay for the 80s and 90s routes. |
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