(A) The proposed regional interagency fare policy is comprised of the following five principles.
(1) Interagency fare products should be convenient for customers to purchase ad use.
(2) New interagency passes and transfer fares should only be offered if the Service Boards that accept the interagency fare product mutually agree that ridership and/or fare revenue increase and/or reduction in operating expenses will result.
(3) Interagency fare revenue should be allocated based on the services consumed on each agency, or by a substitute measure, in accordance with allocation formulas and methodologies mutually agreed to by each Service Board that accepts the interagency fare product, as applicable.
(B) (1) RTA made a conscious decision to propose a policy that is comprised of principles, as opposed to specific prescriptions for interagency fare products and price points.
(2) By doing so, RTA recognized that the Service Boards are responsible for determining the fare products they offer and the prices at which they are sold.
(3) This proposed policy meets RTA’s goals and objectives, and advances the region’s priorities of enhancing the customer experience and maximizing the use of the transit system.
(4) This proposed policy will provide the Service Boards guidance as they consider introducing new interagency passes and transfer fares.
(5) This proposed policy will also help protect the financial health of RTA and the Service Boards.
(Res. MET 13-06, passed 2-15-2013)