City of Albuquerque - File #: R-14-137

• File #: R-14-137
• Type: Resolution
• Status: Enacted
• File created: 11/17/2014
• In control: City Council
• Final action: 6/22/2015
• Enactment date: 7/2/2015
• Enactment #: R-2015-060
• Title: C/S Establishing A Minimum Systemwide Farebox Recovery Ratio For The Transit Department's Fixed-Route Service (Benton, by request)
• Sponsors: Isaac Benton (By Request)

Date	Action By	Action	Result
7/2/2015	City Clerk	Published
6/30/2015	Mayor	Signed by the Mayor
6/30/2015	City Council	Sent to Mayor for Signature
6/22/2015	City Council	Passed	Pass
6/15/2015	City Council	Accepted with a recommendation Do Pass, As Substituted
6/8/2015	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass, as Substituted	Pass
6/8/2015	Finance & Government Operations Committee	Substituted	Pass
5/11/2015	Finance & Government Operations Committee	Postponed	Pass
3/9/2015	Finance & Government Operations Committee	Deferred	Pass
1/12/2015	Finance & Government Operations Committee	Deferred	Pass
11/17/2014	City Council	Introduced and Referred
11/17/2014	President	Referred

CITY of ALBUQUERQUE
TWENTY-FIRST COUNCIL


COUNCIL BILL NO. C/S R-14-137 ENACTMENT NO. _________________

SPONSORED BY: Isaac Benton, by request


RESOLUTION
title
C/S Establishing A Minimum Systemwide Farebox Recovery Ratio For The Transit Department's Fixed-Route Service (Benton, by request)
body
ESTABLISHING A MINIMUM SYSTEMWIDE FAREBOX RECOVERY RATIO FOR THE TRANSIT DEPARTMENT'S FIXED-ROUTE SERVICE.
WHEREAS, the Transit Department seeks the establishment of a policy that provides guidance for the setting of the prices of fixed-route service fare products; and
WHEREAS, the Transit Department seeks a farebox recovery ratio policy that provides for equitable sharing of costs, guides the Department in the pricing of Transit fare products so that these products are reasonably priced for the public, while generating a reasonable level of operating revenue; and
WHEREAS, the two prime determinants of a systemwide fixed-route farebox recovery ratio are the revenue generated from the use of assets that are utilized in the providing of fixed-route transit service and the cost incurred to operate, maintain and provide this service; and
WHEREAS, the Transit Department seeks to establish a minimum fixed-route, systemwide, farebox recovery ratio and recognizes that it could take some years to achieve this minimum ratio.
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
SECTION 1. Definitions
A. Fixed-route, systemwide operating revenues are defined as revenues received from the sale of fare products and revenues received from advertising on buses, bus shelters, and/or on ABQ RIDE software applications. Revenues received by the Department from other governmental entities for the Department operating contractual fixed-route service are excluded from this definition.
B. Fixed-route, systemwide operating costs are defined as in the United States Department of Transportation, Federal Tr...