City of Albuquerque
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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)
Attachments: 1. R-137, 2. R-137 Approved Committee Substitute, 3. CS R-137Enacted
Date Action ByActionResultAction Details
7/2/2015 City Clerk Published  Action details
6/30/2015 Mayor Signed by the Mayor  Action details
6/30/2015 City Council Sent to Mayor for Signature  Action details
6/22/2015 City Council PassedPass Action details
6/15/2015 City Council Accepted with a recommendation Do Pass, As Substituted  Action details
6/8/2015 Finance & Government Operations Committee Sent to Council with a recommendation of Do Pass, as SubstitutedPass Action details
6/8/2015 Finance & Government Operations Committee SubstitutedPass Action details
5/11/2015 Finance & Government Operations Committee PostponedPass Action details
3/9/2015 Finance & Government Operations Committee DeferredPass Action details
1/12/2015 Finance & Government Operations Committee DeferredPass Action details
11/17/2014 City Council Introduced and Referred  Action details
11/17/2014 President Referred  Action details
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...

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