The new bus fares, which will generate about $1.46 million, are lower than initially proposed.
The MTD board of directors adopted a new rate schedule Monday night that drew cheers from members of an advocacy group for the poor.
The board, whose meeting began in front of a packed house, mollified the advocates by lowering the amount of fare increases proposed by MTD staff in the categories that tend to be used most by the financially disadvantaged, including 10-day passes for k-12 students and seniors.
“We knew the bus fares were going to go up — they didn’t have any alternatives,” said Belen Seara, executive director of the PUEBLO Education Fund, a local advocacy group for the poor. “We were hoping to get the best deal, and actually, it was very good.”
All told, the rate hikes will generate about $1.46 million — about $200,000 less than the initial proposal would have yielded, and just shy of the bus provider’s projected shortfall of $1.5 million.
The new fares mean that, beginning Jan. 1, the cost for an adult single ride will jump to $1.75 from $1.25. The single-ride cost for seniors will increase to 85 cents from 60 cents.