Metro’s Proposed FY 2015 Budget Includes Fare Hikes
LANHAM, Md. (CBSDC) — A fare hike is included in Metro’s latest proposed budget, and it could have customers paying three percent more to ride the rails.
Metro’s general manager, Richard Sarles, wants to increase parking costs and bus fares, as well.
The proposed fare bump for Metrorail is three percent for both on and off-peak ridership, which is less than the July 2012 increase. It would raise the cost of the average $3 trip by ten cents.
Budget proposal documents explain that there are still concerns about the impact of a large fare increase, because the July 2012 bump raised rates between five and seven percent for peak trips and up to 27 percent for off-peak trips. This is thought to have contributed to a reduction in rail ridership for fiscal year 2013.
Sarles’s proposal would also bump bus fare to $1.75 for all trips, including those paid with SmarTrip cards. For someone riding the bus twice a day, this would represent an increase of about $9 per month. The proposed parking rate increase is twenty-five cents.
The new budget will be presented to Metro’s Board of Directors Thursday.