Just last month Saskatoon City Council declined to approve a fare increase requested by Saskatoon Transit as part of the 2015 budget.
Nicely deconstructed here, the proposed fare increase would have netted Saskatoon Transit a whopping $313,175 in revenue, even with some funny business in their projections. Council declined to approve the proposed fare increase, due in large part to public pressure, the efforts of Bus Riders of Saskatoon, and the lingering backlash over the City’s illegal lockout of Saskatoon Transit users.
With crude oil prices falling I started to wonder what the effect would be for Saskatoon Transit. Unfortunately, good, detailed information isn’t publicly available so I had to make do with resources such as the City of Saskatoon Municipal Manual, Statistics Canada, National Resources Canada, and of course, Google.
Since I have no idea what the City pays for fuel I used retail prices in my analysis. So my estimates will probably be a little high, depending on what kind of discount the City gets as a bulk customer. Try not to get caught up in the numbers, it’s the relative change that is the important part.