https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4647126&GUID=6CC0F41B-BC93-415E-8748-4D6F6599CF39&G=A5FAA737-A54D-4A6C-B1E8-FF70F765FA94Legistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4647126&GUID=6CC0F41B-BC93-415E-8748-4D6F6599CF39&G=A5FAA737-A54D-4A6C-B1E8-FF70F765FA946CC0F41B-BC93-415E-8748-4D6F6599CF39-2025-06-09-06-42-39Title: APPROVE Motion by Directors Butts and Barger that the Board direct the Chief Executive Officer to: A. Endorse the development of a budget and timeline for Fare Capping options that can be phased in over time and return with a status report in the same cycle as the Fareless System Initiative status report in the November-December Board cycle; B. In the same Board cycle(s), explore the financial ramifications of implementing a phased vs total Fareless System Initiative program · vis-a-vis a Fare Capping program with the Fareless System Initiative policy analysis being a factor in the preparation of the Fare Capping option report; and C. Answer the following questions when Metro staff return to the Board in the November-December cycle with both status reports on a Fareless System Initiative Policy recommendation: 1. How much annual fare revenue is collected for each fare category? 2. What is the capital cost for fare collection and enforcement equipment and how often must the equipment be replaced and rehabilitated? 3. What is the estimated annual net operating cosMon, 09 Jun 2025 06:42:39 GMT