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It looks like Boring comes out even, if I trust TriMet's numbers: it looks like the 84 fixed-route service costs about $200,000 to run (estimated $125 per hour, six hours of service per day, 260 days a year); the LIFT service costs another $400,000 a year to run (ridership X $40 per boarding ride).
TriMet claims it earns $600,000 in payroll tax revenue.
Of course, this doesn't count the property tax revenue TriMet receives to pay off MAX bonds for which Boring gets little benefit (the customer survey taken shows that most Boring transit riders drive to Gresham and catch MAX there.)...but TriMet doesn't demand that other areas that "benefit" from MAX pay for it (i.e. North Plains and Banks, or Scholls, or Corbett, or Damascus, or Canby).
However I would believe that TriMet's claim of $125 per operating hour of bus service (It might be a little lower than that) is pretty highly exaggerated on a number of factors.
That all said...the fact that TriMet is claiming it'll have to raise everyone else's payroll tax level...clearly shows that TriMet is worried about the loss in $600,000 in revenue (not bus ridership).
2 comments:
Of course TriMet wants to jack up the tax rate, because they know the income from Boring far outweighs the cost of providing the service.
Boring should pull out, TriMet gets NO tax rate increase!
It looks like Boring comes out even, if I trust TriMet's numbers: it looks like the 84 fixed-route service costs about $200,000 to run (estimated $125 per hour, six hours of service per day, 260 days a year); the LIFT service costs another $400,000 a year to run (ridership X $40 per boarding ride).
TriMet claims it earns $600,000 in payroll tax revenue.
Of course, this doesn't count the property tax revenue TriMet receives to pay off MAX bonds for which Boring gets little benefit (the customer survey taken shows that most Boring transit riders drive to Gresham and catch MAX there.)...but TriMet doesn't demand that other areas that "benefit" from MAX pay for it (i.e. North Plains and Banks, or Scholls, or Corbett, or Damascus, or Canby).
However I would believe that TriMet's claim of $125 per operating hour of bus service (It might be a little lower than that) is pretty highly exaggerated on a number of factors.
That all said...the fact that TriMet is claiming it'll have to raise everyone else's payroll tax level...clearly shows that TriMet is worried about the loss in $600,000 in revenue (not bus ridership).
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