Fare subsidy revisited
Should Toronto/Ontario change their fare subsidy to match one of the key public policies...to reduce the total km's driven on the road by cars? (either to reduce pollution or to reduce the amount of new roads that need to be built)
I am making a big assumption that both Toronto and Ontario should be working together and have a common public policy.
Based on the below computations we are funding GO Transit far less than TTC per km (3.5x less). A draconian move would be to increase TTC fares to make funding equal (equivalent of a $0.82 increase in TTC fare per use or $30 per month for a Metropass). Or should we redivert some of TTC's funding to GO Transit?
This is probably the KEY reason why TTC fares and GO Transit fares are not integrated within the city itself. (Long Branch monthly pass TTC=$130, GO=$160)
TTC fares collected/day = 1.6 million
http://www.ttc.ca/About_the_TTC/Operating_Statistics/2011.jsp
TTC average km = 7.5 km
http://stevemunro.ca/?p=2192 (is there a resource with more accurate numbers?)
TTC subsidy = $500 million / 365 = $1.36 million / day
TTC subsidy / user / day = $0.85
TTC subsidy / user / day / km = $0.11
GO Transit daily ridership = 227,000
http://en.wikipedia.org/wiki/GO_Transit
GO Transit average km = 33.5 km
http://en.wikipedia.org/wiki/GO_Transit
GO Transit subsidy = $91 million / 365 = $249,000 / day
http://www.metrolinx.com/en/docs/pdf/board_agenda/20110623/Business_Plan.pdf
GO subsidy / user / day = $1.10
GO subsidy / user / day / km = $0.03