Monday, January 02, 2012

Rate hikes everywhere in 2012

by Grant Scott - Castanet  Jan 2, 2012 / 2:00 pm
Tuesday will be the first day that most users of Kelowna transit feel the effects of the January 1 rate hike. The first day of work or school after the holidays means many regular bus riders will pay the increased fee for the first time. Tuesday will be the first day that most users of Kelowna transit feel the effects of the January 1 rate hike. The first day of work or school after the holidays means many regular bus riders will pay the increased fee for the first time. (more)

Fares on Kelowna Transit have not increased since 2007 and part of the justification for this increase is to increase cost recovery in the wake of numerous system improvements made over the last few years. Financial Services Director Keith Grayston told council costs recovery levels have decreased from 35 per cent in 2007 to 26 per cent this year.  Since 2005, Grayston says expenditures to the system have nearly doubled from more than $9M in 2005 to $17.7M in 2010.  Service hours have jumped 55 per cent from 113,000 hours in 2005 to 176,000 in 2010.
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