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Laketran Restores Final Service Cuts
With the approval of its 2016 operating budget, Laketran in Lake County, OH, has restored the last of the service cuts necessitated in 2009 in response to the economic recession’s dramatic decrease in local sales tax revenues and the uncertainty of state and federal funding.
The agency gradually restored service through a Financial Recovery Plan to offset projected operating deficits. With a balanced 2016 budget of $14.4 million for operations and a $4.3 million capital budget that does not require a fare increase, the agency will restore service on three federal holidays for local bus routes, dial-a-ride and park-and-ride.
“We are very pleased that our Financial Recovery Plan has allowed Laketran to bring back many vital services for the residents of Lake County who depend on public transit to access work, shopping, health care and higher education,” said General Manager Raymond Jurkowski.
The recovery plan centered around two main strategies: reducing and containing operating costs and developing new, non-traditional revenue streams.
For the first, Laketran froze salaries and wages, reduced the size of the workforce, engaged in creative and innovative ways to purchase fuel and contain insurance and healthcare costs by participating in larger groups to achieve economies of scale and cut 11 percent of service.
For the other, the system has secured 15 new revenue streams since 2009—four on a one-time basis, others recurring annually—by becoming a state Medicaid provider and securing federal grants. Fares have remained stable since 2009.
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