Posted on 06/25/2012 3:37:55 PM PDT by Grampa Dave
SOUTH SAN FRANCISCO (CBS SF) – It turns out that the much-heralded new ferry line between South San Francisco, Oakland and Alameda is being subsidized – heavily – by the public.
The numbers have been crunched, revealing that for every $14 round trip ticket sold, the public has – or will – kick in nearly $100. In all, the subsidies for the new ferry service total roughly $94 million over a 20 year period.
Among the publicly-financed elements of the transit service: the Oyster Point Ferry Terminal, paid for largely with San Mateo County sales tax funds; Bay Area bridge tolls, which funded $16 million for two 140-seat ferries and a $2.6 million annual operating subsidy.
The ferry service, which debuted earlier this month, is expected to transport 100,000 riders annually.
KCBS, CBS 5 and Chronicle Insider Phil Matier Reports:
Phil Matier: The Public is Paying for New Ferry Service
A good part of the costs are the union worker’s wages, pensons and healthcare. SF Muni drivers are the highest paid in the nation.
Socialism works great until you run out of everyone else’s money.
Socialism == Fairness == You must pay more
“It’s not just ferries. That’s a typical subsidy for all public transportation. Fares usually only cover 10 to 15% of the costs.”
Thanks for this.
A younger relative agreed with your data and he said that 10% was average re fares covering the real costs.
“If we only count 5 workdays per week times 52 weeks, we get 260 days per year. At 100,000 annual passengers (presuming that figure is for round trips and not one way trips) that means that the daily workday level of round trip passengers is only 385 people per day. It gets even worse if one uses a 7 day week. What an amazing waste of money.”
It seems whenever the liberals at all levels of government get involved in any funding of anything, it is an amazing waste of of our tax $’s.
“If we only count 5 workdays per week times 52 weeks, we get 260 days per year. At 100,000 annual passengers (presuming that figure is for round trips and not one way trips) that means that the daily workday level of round trip passengers is only 385 people per day. It gets even worse if one uses a 7 day week. What an amazing waste of money.”
Apparently, this heavily funded fairy, er ferry, had free passage for a while and many of the riders were unemployed and took a free roundtrip cruise funded by tax payers.
“If not, why are you posting to this thread?”
Thanks for commenting about an interesting facit of FR, where/when people, who aren’t interested in a post/subject and take time to post that they weren’t interested.
Socialism works great until you run out of everyone else’s money.
Socialism == Fairness == You must pay more!
Socialism works great until you run out of everyone else’s money.
Socialism == Fairness == You must pay more!
Socialism works great until you run out of everyone else’s money.
Socialism == Fairness == You must pay more!
LOL!!
Ida no. Just because I can? Gimmee a break!
I heard that one cent of all Calif sales tax goes to the transit sytems of LA and SF.
I will if Grampa Dave will. :•)
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