Transpo revenue was $1.7M less than expected in first quarter

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By Jon Willing, Ottawa Citizen, May 6, 2019

OC Transpo didn’t receive about $1.7 million in revenue that the agency budgeted to collect in the first quarter of the year, according to a financial report published Monday.

Transpo continues to chalk up the revenue deficit to a lower-than-anticipated average fare.

It’s an issue that has come up several times in the past, since transit customers have been making strategic decisions on whether to buy monthly passes or use the Presto e-purse function to pay on a trip-by-trip basis.

Where the agency budgeted to receive $51.665 million between January and March, it actually received $49.968 million.

There are no details in the report about the ridership levels for the first quarter.

https://ottawacitizen.com/news/local-news/transpo-revenue-was-1-7m-less-than-expected-in-first-quarter