Fare Revenue 2018 Finance & Audit Committee 6/20/2019 2018 - - PowerPoint PPT Presentation

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Fare Revenue 2018 Finance & Audit Committee 6/20/2019 2018 - - PowerPoint PPT Presentation

Jan 11, 2024 166 likes •235 views

Fare Revenue 2018 Finance & Audit Committee 6/20/2019 2018 Fare Revenue up $5.6M, 6.3% YoY Sound Transit Fare Revenue Sound Transit Fare Revenue by Payment Type $100 Non-ORCA Millions 16% $90 $80 $70 ORCA $60 Business $50

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SLIDE 1

Fare Revenue 2018

Finance & Audit Committee

6/20/2019

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SLIDE 2

2

2018 Fare Revenue up $5.6M, 6.3% YoY

ORCA Business Passport 47% ORCA Puget Pass 14% ORCA E- purse 23% Non-ORCA 16%

Sound Transit Fare Revenue by Payment Type

$- $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 2015 2016 2017 2018

Millions

Sound Transit Fare Revenue

ST Express Sounder Link Light Rail

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SLIDE 3

3

Farebox Recovery

  • ST Express and Sounder above Policy target.
  • Link slightly below target, but affected by ramp-up for Northgate and

East Link.

  • Forecasts show Link Farebox Recovery above the 40% target once

Northgate opens.

0% 10% 20% 30% 40% 2015 2016 2017 2018

ST Express Farebox Recovery

Policy Minimum Farebox Recovery 0% 10% 20% 30% 40% 2015 2016 2017 2018

Sounder Farebox Recovery

Policy Minimum Farebox Recovery 0% 10% 20% 30% 40% 50% 2015 2016 2017 2018

Link Farebox Recovery

Policy Minimum Farebox Recovery

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SLIDE 4

4

ORCA LIFT Adoption Continues – Boardings up 7.3% YoY

  • Currently more than 58,000 active ORCA LIFT cards.
  • Over 8,000 unique low-income passengers per month rode Link.
  • LIFT enrollment locations expanded in Pierce and Snohomish

counties.

  • ORCA cards preloaded with $10 as incentive to register for ORCA

LIFT at DSHS offices in all three counties.

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SLIDE 5

Thank you.

soundtransit.org