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Salinas California Form 14654: What You Should Know
B. King Transportation and Transportation Services, Inc. MST's Transit System has a fleet of 11 light rail vehicles and a total of 1,400 vehicles and comprises 4 stations with 5 miles of tracks. MST's Transit System is the State's largest light rail system with over 6 million passengers per year (2006 figure). MST's Board has approved a 1,600,000,000 capital plans for FY2018. All money raised through user fees for passenger and freight is invested in the capital plan and to meet future growth in user fees by expanding, improving or operating the system. The transit authority also uses revenue from property taxes to pay for capital costs. The system was established in 1957 and now has nearly 600,000 vehicles per month and is a component of Monterey-Salinas Transit. The total annual budget for maintenance costs is 14,000,000, including operating costs. MST's funding comes primarily from property tax rates, vehicle occupancy taxes and public transit fare revenue (which includes ridership). All of these sources are set to decrease slightly in the coming years. MST offers four commuter bus routes, 16 light rail routes, an Overnight Bus Route (for travelers traveling more than 90 miles per Day), and a Metrolink Line. The average weekday ridership in 2023 was 5,900 per weekday, which increased to 9,000 by 2023 through a combination of ridership growth (including riders traveling a total of more than 2,600 miles) and improvements to transportation in the area, as well as increases in passenger and freight costs and sales tax revenues. In fact, the average weekday ridership has remained the same every year during the last decade. At a public hearing about the future of the authority, the authority's financial analyst reported that the system does not have the infrastructure to serve the ridership growth expected in the city of Monterey. The analyst cautioned that “the projected annual growth in ridership is projected to be only 0.2% in the FY18 budget year, which would be very disappointing and would require a dramatic reduction in fares and a change to the system's fare structure”. The system is expected to have a daily ridership of approximately 12,500 in FY18 and 10,600 in FY19.
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