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Operating and Capital Expenses - Suburban / SMART The total funding package includes operating assistance from both property and State CTF taxes because one without the other is incomplete. This is not because of the lack of funds from one or the other. It is because of federal disability guidelines and equality to serve Michigan as defined as a region to put mass transit on the same level as roads as necessary for quality of life. |
| Summary of Expenses as a Guideline for Regional Transit |
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70,000 |
Number of riders needed to operate |
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0.5 |
Number divided to equal 50% farebox to operating ratio (on core downtown/airport bus routes)* |
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35,000 |
Number of riders needed to equal 50% farebox to operating ratio |
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13,000 |
Minus current SMART riders on "The Plan..." from SpeedLink document |
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22,000 |
Increase in number of riders with 24 hour / 7 day bus service added |
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x $50 |
Per month from farebox with card |
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$1,100,000 |
Amount of revenue per month |
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x 12 |
Number of months in a year |
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$13.2 Million |
Amount of increased farebox revenue per year ** |
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$10 Million |
Amount of current farebox revenue per year *** |
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$23.2 Million |
Amount of farebox revenue with "The Plan..." |
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$124.2 Million |
Divided by the yearly operating budget |
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18.7 % |
Farebox to revenue ratio **** |
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* asterisks indicate references to notes on next page |
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