Updated on April 9, 2012
With Translink running a deficit, “efficiency” means buses are full, not that everyone gets on
With a Mayor’s Council meeting scheduled for this morning and Transit Commissioner Martin Crilly poised to rule on a proposed fare increase, it’s worth asking how Translink is doing financially.
I reported on customer perceptions last week.
But financial statements also released last week show that Translink is running a deficit — funded by an accumulated surplus — and its net debt is holding steady at about $4.4 billion. These are good numbers to keep in mind as Crilly releases his long-promised report on Translink’s “efficiency.”
In other words, Translink is already finding savings.
(The numbers are all here.)
This will make excellent reading if the B-Line just passed you by with people hanging off the bike rack. With more “efficiency,” you should be able to get on the next bus . . . or the one after that. Maybe.
After all, “efficiency” really means that the bus is as full as possible, not that every would-be passenger gets on.