Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Flat Fare Costs Agency Less Than Expected

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Flat Fare Costs Agency Less Than Expected

Article excerpt

Port Authority's change to a flat fare system didn't cost the agency as much money as expected in the first six months of 2017.

In a report Thursday to the authority's Performance Oversight Committee, chief financial officer Pete Schenk said the agency expected to lose about $2.3 million in fare revenue between January and July. Instead, it lost about $1.8 million.

Until January, the authority used a two-tiered fare system that charged $2.50 for shorter rides and $3.75 for longer ones. The new system, which charges a flat fare of $2.50 for riders who use a prepaid ConnectCard and $2.75 for cash, reduced fares for about 26 percent of Port Authority riders.

As a result, the agency expected to lose about $4.7 million in fare revenue the first full year. …

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