Happy Wednesday everyone! I thought I’d try and get a jump on the weekly gossip rag and provide a quick breakdown of what the real operating costs of Transit in Cochrane would be. This data was taken from the town of Cochrane webpage.
First, let’s assume that there is NO ONE RIDING the bus for the first year. I know, a strange assumption (but a worst case scenario). This would mean the full cost of 1.1 million dollars is shouldered by citizens through their taxes. How much is that per person?
$0.17 per day. You heard it right. 17 cents per day, per person. (1.1 million divided by 17500 (pop) divided by 365). To provide you with some context, that’s 170mL of gasoline (or less than a cup). Let’s break this down in a monthly context.
For just over 5$/month (10$/month for my wife and I), we could have 7 hours of intra-Cochrane shuttle service, and peak rush hour trips back and forth to the Crowfoot LRT. And this is assuming NO ONE RIDES THE BUS. What if, as predicted (and as indicated by other municipalities), we’re able to recuperate some of the costs through fares. The average fare returns is something like 39% of operating costs. Let’s go with less, say 24% (or 845K/year instead of 1.1 million). It would then cost the average Cochranite $0.13/day!
Do some math on owning that 2nd car (or 3rd or 4th if you have teenagers!). I did. It’s not pretty. 1 tank of gas every month, just for puttering around town and going to Crowfoot costs 60$ (or a year’s worth of Transit service). Add insurance. Add registration. Add maintenance. Add depreciation. Over the past 6 years, we’ve spent an average of 600$/month to own and operate a second vehicle (buying new in 2005).
So, the amount that I currently spend on a second vehicle every month could cover my portion of public transit in Cochrane for 10 years. Seriously.