FARES UP * USA - Mayor's plan raises bus fares by 25 cents
The City deals with budget deficits: High fuel costs and employee pay raises are putting pressure on the city to raise bus fares for the first time in six years
Honolulu,Hawai,USA -The Honolulu Advertiser, by Sean Hao -March 10, 2009: -- The city is considering a series of fare hikes for the popular TheBus transit system, starting with a 25 cent, or 12.5 percent, adult fare hike to $2.25 this year... If approved by the City Council, that increase is likely to be followed by more fare hikes. The plan to increase fees is driven in part by city budget deficits and rising costs at TheBus... The heavily subsidized public transit system lost $151 million in the 12 months that ended June 30 2008, according to a recently released audit. That's up nearly $12.5 million from the prior year's losses... The mounting loses are attributed mainly to increases in the cost of fuel. However, in the future TheBus also will be grappling with higher wages. Last summer O'ahu bus drivers, mechanics and other support staff approved a contract giving them a 21 percent pay raise over the next five years... The city is spending $127 million to subsidize TheBus this year... (Photo: Bus riders may face a series of fare hikes)Labels: fares increases
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