The Board of Directors set two public hearings to receive public comment on a proposal to establish a Five-Year Transit Fare Increase Program allowing for annual increases in regional Golden Gate Transit bus fares, Golden Gate Ferry fares, Special Event Ferry fares, and intercounty paratransit fares commencing on July 1, 2011.
Fares are being proposed for increase to assist in addressing the District’s currently projected $89 million five-year shortfall as set forth in the 2009 Financial Plan by generating approximately $2.6 million over the five-year period in additional revenues toward operating expenses. The Financial plan includes 33 initiatives that if implemented, would allow for the balancing of future budgets. Initiative 12 is to propose a Fare Increase on Regional Buses for Local Trips and Initiative 25 includes proposing to Renew [the existing 5-Year] Transit Fare Increase Plan. Additionally, the proposed fare increases will assist the District in continuing to provide its vital public transit services which remove approximately 13,000 cars per off the streets of San Francisco every weekday. Local Marin County bus fares set by Marin County Transit District are NOT included in the proposal.
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