HOW DO WE PAY?
For Frequent, Electric, and Fare- Free Transit
Last year (2021), HSR revenues were about $27 million. As a COVID year, this number represents a roughly $11 million loss from previous years. So, how do we find the close to $40 million dollars that going fare-free and electric would require?
Consider these viable sources:
GAS TAX TRANSFERS
TRANSIT AREA RATING
Increased parking fees. Hamilton's parking charges are some of the lowest in the country compared to other urban centres.
Red light cameras in Hamilton are starting to generate a viable source of funding.
A portion of Hamilton's Police budget of $172 million a year could be reallocated to transit.
The HSR currently receives no money for advertising (advertisers currently provide shelter maintenance ). Advertising could be a healthy revenue stream for fare-free transit.