Edit: And from a quick look, that’s high for the US. The average seems closer to 10-15%.
https://www.transit.dot.gov/sites/fta.dot.gov/files/2020-11/...
(NY’s 54% number is probably because of mixing of different fareboxes: recovery is much higher on the LIRR and MNRR than it is on the city buses and subways.)
- MTA heavy rail was 70%.
- Commuter rail was 55%.
- Commuter bus was 32%.
- BRT and Bus was 30%.
[1] https://www.enotrans.org/article/the-mass-transit-fiscal-cli...
Nationally in millions, Bus: (Fare Revenues 3,778) / (Operating expenses 16,110.4 + Use of capital funds 3,0444.7) = 19.7%. They also break out Bus Rapid Transit which is much worse 16.1 / (166.1 + 51.7) = 7.4% as is Commuter Bus 57.9 / (597.7 + 170.7) = 7.5%
Washington Metropolitan Area Transit Authority, Bus: $124,011,141 / ( $731,946,008 + $182,850,687 ) = 13.6%
So for WMATA forgoing Bus revenue wouldn’t move the needle very much.
PS: And that’s ignoring the overhead of collecting fairs. Not only are some operating expenses devoted to collecting fairs, busses can move faster if people aren’t stopping and fiddling with payment.
Compare a line of 20 people all try to get on and swipe a metro card vs a line of 20 people all trying to get on. Even collage busses where all people need to do is show school ID you still get people in line who suddenly can’t find their ID.
I agree farebox recovery rate is not something to optimize for. Public services don't lose money, they cost money. Nobody talks about how much the army loses.
However. The choice was between (a) eliminating the $666M farebox recovery and taking it out of the municipal budget vs. adding $666M more funding without eliminating the farebox take. I strongly suspect the municipality would be far better served by the latter.
The former plan doesn't address what people actually want. They want shorter headways. Instead they got the same headways, but cheaper.
People aren't avoiding transit because it's too expensive. They're avoiding transit because it doesn't come often enough, it doesn't go where they need and stops running too early. It doesn't meet their needs. The average American spends $11,000 on a new car per year [2], or almost a half million dollars lifetime. If service was better, they wouldn't have to. This plan doesn't make service better. So, they still need their real cost center: their car.
[1] https://www.enotrans.org/article/the-mass-transit-fiscal-cli...
[2] https://newsroom.aaa.com/2022/08/annual-cost-of-new-car-owne...
I mean, I do. But that boils mostly down to me perceiving more value in a robust public transit network than in a bloated MIC.
Of course there will be outliers, but owning a car is a massive money sinkhole and a disproportionate burden on the poor.
The average car insurance payment alone is $136 (and significantly more for those with 'bad credit' - i.e. the poor). Gas is another $150-200 per month. That's almost $4000 per year right there.
The average monthly transit pass in the US is $83. [1, 2]
[1] https://www.statista.com/statistics/990891/us-average-monthl...
[2] https://www.nerdwallet.com/article/insurance/how-much-is-car...