Update: The Income Statement was not available for Board approval because an audit of last year (ending June 30th) was underway. Both July and August will be approved in September. Something else the private sector would never tolerate, but Connect isn’t private.
By: Diane Benjamin
Connect Transit meeting yesterday: http://www.connect-transit.com/documents/8-22-2017%20Regular%20Board%20Meeting%20Binder1.pdf
No Income Statement was included in the packet – so how much Connect lost in July is a secret (for now).
Some interesting spending:
The loss of passengers has been stopped for now, but take a closer look. Connect Transit serves 132,000+ people in Bloomington – Normal. Daily fixed route boardings were 5,442. Divide that in half since the riders probably took a return bus trip too. That means 2,721 people boarded per day.
Connect Transit serves 2,721 people per day out of 132,000. They likely lost more than $800,000 doing it. That 2,721 is 2% of the population.
Still want single payer government healthcare?
(Are you nuts?)