Okaloosa County BOCC — November 16, 2013 — 2014 Fare increase estimates — reading text

FY14 FARE INCREASE ESTIMATES Ridership Based on Actual Ridership October 1, 2011 - September 30, 2012 For Routes 1, 2, 3, 4, 5, 14, 20, 30, 32. Routes 11,12 and 33 are not included in the Ridership count due to projected route reductions in FY14 PER USE FARES WAVE ROUTES FWB: 1, 2, 3, 4 ISLAND: 20 DESTIN: 30, 32 October 1, 2011 - September 30, 2012 CURRENT FARES FARE OPTIONS Ridership $1.00 A B Regular Fare 51,336 $51,336 $1.25 $1.50 10% ridership decline 46,202 $57,753 $69,304 15% ridership decline 43,636 $54,545 $65,453 20% ridership decline 41,069 $51,336 $61,603 October 1, 2011 - September 30, 2012 CURRENT FARES FARE OPTIONS Ridership $0.25 A B Reduced Fare 16,757 $4,189 $0.50 $0.75 10% ridership decline 15,081 $7,541 $11,311 15% ridership decline 14,243 $7,122 $10,683 20% ridership decline 13,406 $6,703 $10,054 WAVE EXPRESS ROUTE 14 October 1, 2011 - September 30, 2012 CURRENT FARES FARE OPTIONS Ridership $1.50 A B Regular Fare-EXPRESS 6,761 $10,142 $1.75 $2.00 10% ridership decline 6,085 $10,649 $12,170 15% ridership decline 5,747 $10,057 $11,494 20% ridership decline 5,409 $9,465 $10,818 October 1, 2011 - September 30, 2012 CURRENT FARES FARE OPTIONS Ridership $0.75 A B Reduced Fare-EXPRESS 1,796 $449 $1.00 $1.25 10% ridership decline 1,616 $1,616 $2,021 15% ridership decline 1,527 $1,527 $1,908 20% ridership decline 1,437 $1,437 $1,796 TRANSFERS October 1, 2011 - September 30, 2012 CURRENT FARES FARE OPTIONS Ridership $0.25 A B C Transfers 14,852 $3,713 $0.00 $0.25 $0.50 10% ridership decline 13,367 $0 $3,342 $6,683 15% ridership decline 12,624 $0 $3,156 $6,312 20% ridership decline 11,882 $0 $2,970 $5,941  31-DAY PASS WAVE ROUTES FWB: 1, 2, 3, 4 ISLAND: 20 DESTIN: 30, 32 October 1, 2011 - September 30, 2012 CURRENT FARES FARE OPTIONS Passes Sold 31-Day Pass Cost $26.00 A B Regular WAVE Pass 588 $15,288 $30.00 $35.00 10% ridership decline 529 $15,876 $18,522 15% ridership decline 500 $14,994 $17,493 20% ridership decline 470 $14,112 $16,464 October 1, 2011 - September 30, 2012 CURRENT FARES FARE OPTIONS Passes Sold 31-Day Pass Cost $7.50 A B Reduced WAVE Pass 2,237 $16,778 $15.00 $17.50 10% ridership decline 2,013 $30,200 $35,233 15% ridership decline 1,901 $28,522 $33,275 20% ridership decline 1,790 $26,844 $31,318 EXPRESS ROUTE 14 October 1, 2011 - September 30, 2012 CURRENT FARES FARE OPTIONS Passes Sold 31-Day Pass Cost $40.00 A B Regular EXPRESS Pass 62 $2,480 $45.00 $50.00 10% ridership decline 56 $2,511 $2,790 15% ridership decline 53 $2,372 $2,635 20% ridership decline 50 $2,232 $2,480 October 1, 2011 - September 30, 2012 CURRENT FARES FARE OPTIONS Passes Sold 31-Day Pass Cost $20.00 A B Reduced EXPRESS Pass 60 $1,200 $22.50 $25.00 10% ridership decline 54 $1,215 $1,350 15% ridership decline 51 $1,148 $1,275 20% ridership decline 48 $1,080 $1,200 The Simpson-Curtis rule identifies through a series of studies performed over the past thirty years that for every 10 percent increase in fares, there is a 3.3 percent decline in ridership. Increase in fare will TOTALS Ridership (Transfers Excluded ) A B 10% ridership decline 68,985 $ 127,360 $ 156,041 15% ridership decline 65,153 $ 120,285 $ 147,372 20% ridership decline 61,320 $ 113,209 $ 138,703 ADD TRANSFER FEES TO ABOVE, BASED ON BCC DECISION: Transfers CURRENT FARES TRANSFER FARE OPTIONS Ridership $0.25 A B C Transfers 14,852 $3,713 $0.00 $0.25 $0.50 10% ridership decline 13,367 $0 $3,342 $6,683 15% ridership decline 12,624 $0 $3,156 $6,312 20% ridership decline 11,882 $0 $2,970 $5,941 STAFF RECOMMENDATION TOTALS Ridership (Transfers Excluded ) 10% ridership decline 68,985 $144,606 15% ridership decline 65,153 $136,573 20% ridership decline 61,320 $128,539