North County Transit District Expects Record Ridership in FY2014Monday, July 1, 2013
The North County Transit District, which oversees passenger train and bus systems including Sprinter, Coaster and Breeze, is projecting the highest ridership and revenue in its history for fiscal year 2014, with more than 12.6 million riders expected to generate fare revenue of nearly $19.3 million.
The Oceanside-based transit agency’s board of directors recently adopted a balanced budget for fiscal year 2014, which officials said maintains fare reductions enacted in 2011. A transit district statement said its budget forecast projects five years of balanced budgets for fiscal years 2014 through 2018.
The agency is projecting just under $91.5 million in total revenue for fiscal 2014, balanced against $90.5 million in total expenses and $1 million for operating contingencies. The fiscal year starts July 1.
Officials said the transit district has seen ridership increase 5.3 percent and revenue rise 8.8 percent over the last two years.
— SDBJ Staff Report