I see the Auckland public transport people are slashing their wrists¬†because the use of the rail system is DROPPING. Their solution is to
subsidise it some more…
Auckland Transport have provided a multitude of excuses for the patronage dip over the past few months ‚Äď some more plausible than others (they blamed the World Cup for some of the declines in August and November, even though the World Cup was only in September & October 2011). ¬†Some of the decline may be due to higher rail fare evasion than we think (anecdotal evidence on this is pretty strong) but I wonder whether public transport fares are really starting to hurt some people and put them off catching the bus, train or ferry. With inflation at near-zero, wage growth stagnant seemingly forever and petrol prices still below the peaks of a few years back the fare increases for rail in particular over the past few years may be starting to bite.
Oh but wait they¬†have¬†a solution…and it all involves your ratepayer and taxpayer monies.