Comparing Regina Transit to STC

This article from less than a year ago is jarring, in relation to what the SaskParty actually did to privatize STC quickly without an election held to obtain a mandate to do so.

STC Safe from Privatization

STC saw revenue — from passenger and express parcel business — rise to $18.5 million in 2015-16. That compares with $16.6 million in the 12 months of 2014.

The annual subsidy, or grant, given to STC was $13.25 million in the 2015-16 operating year. That compares with $10.3 million in the 12 months of 2014.

Still, that means STC covers about 62 per cent of its operating expenses, and “in the public transportation industry, these numbers are very favourable,” Grice wrote in STC’s annual report.

By comparison, Regina Transit’s fares bring in about $10.8 million — or 28 per cent — of the system’s $35.66-million operating cost, the city’s 2016 budget says.

STC’s “public policy role” is cited several times in its annual report, released Thursday.

“Maybe it should be labelled as a utility,” mused Campeau

Wow, these numbers and comments expose the lies and incompetence of the Wall government’s “Meeting the Challenge” austerity budget of 2017.

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About John Klein

My full time blog is at AbandonedStuff.com My personal site devoted to my Regina politics work is at JohnKlein.ca

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