Cash-based customers will be paying a little more to ride Caltrain starting later this year.
One-way fares will increase by 25 cents and all-day passes by 50 cents for Caltrain passengers who use cash to pay for their travel. The agency’s board of directors unanimously approved the fare increases last week, although the initiative was scaled back from an earlier proposal.
Caltrain had originally recommended imposing such increases over each of the six zones the agency serves. And that could still occur. The agency’s goal is to transition its passengers from using cash-payment methods to the Clipper card, the regional payment system.
If half the customers currently paying with cash don’t convert to Clipper, the agency will impose the zone-based proposal by July 1, 2013.
The board also approved plans to reduce the discount and duration of the agency’s 8-pass ticket. The multiride fare will only feature a 7.5 percent discount from regular prices — down from its current 15 percent — and will be valid for 30 days instead of 60 days.
As part of a plan that would have raised $2.2 million a year, the transit agency had originally proposed eliminating its discounted 8-ride fare ticket altogether. Following a public hearing, that plan was shelved.
The plans will go into effect July 1.
As a result of the changes, Caltrain has reduced its projected annual revenue from the fare increases to $1.4 million.