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Comprehensive Transit Service Plan <br /> EVERETTTRANSIT Executive Summary <br /> 40 <br /> a) <br /> .(2 35 <br /> a) 30 <br /> .c 25 <br /> a) 20 <br /> m' 15 <br /> 0 10 <br /> a> <br /> � 5 <br /> 0 <br /> Baseline Moderate Enhanced <br /> Figure 7:Projected Bus Requirements for the Alternatives <br /> a. <br /> C -a <br /> 24:1=, <br /> r o v <br /> L L to <br /> L-. G> t <br /> Criteria Weight a a o <br /> Mobility Enhancement 30% 4.00 2.00 1.00 <br /> Cost characteristics 25% 1.00 2.70 3.35 <br /> Environmental 5% 1.90 2.70 2.60 <br /> Ridership 20% 3 40 2.40 1.40 <br /> Service Integration 10% 3.10 2.30 1.90 <br /> Service characteristics 10% 3.45 1.90 1.00 <br /> TOTALS 100% 2.88 2.31 1.84 <br /> Table 7:Ranking of Alternatives <br /> Costs and Revenues <br /> The cash flows associated with recommended actions will require additional financial <br /> support for Everett Transit operations after 2005, given the implementation <br /> schedule discussed. It is recommended that Everett Transit consider an appropriate <br /> sales tax increase to support future operations. For the purposes of the <br /> recommended financial program, it has been assumed that additional sales tax <br /> revenues will be available for funding transit operations as follows: 0.5% in 2005 <br /> and 0.6% in 2008. <br /> Existing programs and service levels cannot continue to be funded from existing <br /> revenue sources, given the sales tax revenue shortfall experienced over the past two <br /> years. Therefore, it is recommended that Everett Transit implement short-term <br /> service reductions in late 2003 and a fare increase in 2004. These changes <br /> significantly impact the forecast ridership and farebox revenue forecasts associated <br /> with the recommended improvement program. Figure 8 depicts the projected <br /> ridership system-wide for the period 2003-2013. The ridership drop projected for <br /> Perteet Engineering,Inc. Page xxi <br />