By: Diane Benjamin
Connect Transit did show a 10.5% increase for October in fixed route boarding per hour!
Unfortunately, 10.5% is an increase of 2.4 people.
PDF page 8:
Operating Revenue of $130,684
Operating Expenses of $1,021,598
Loss for October: $890,914
YOUR tax dollars are covering that loss!
PDF page 37 claims this fiscal year they have served 864,188 customers. I believe they mean that many people boarded a fixed route bus. The number means nothing since every boarder forced to change buses is counted twice. They are counted twice again for the return trip. With many charts and statistics included at the link above, one would think the ACTUAL number of people who use the bus would be easy to obtain.
The joke is on taxpayers!
PDF page 9 shows the Capital Account has loaned $2,980,249 to the operating fund. It’s poor management when that happens because capital funds are a savings account for big-ticket items in the future.
PDF page 7 shows at the end of October they had cash of over $7 million. Was the loan repaid? I bet it wasn’t, taxpayers are always there to fleece when needed.