West Yorkshire bus boost
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WEST YORKSHIRE PTE has announced an upturn in its finances in a report presented to the West Yorkshire County Council public transport committee. A general increase in the number of passengers taking advantage of a low off-peak fares scheme has resulted in a E2m. increase in cash flow to the increase to about £4m. in 1982/3.
The County Council has therefore been able to reduce its revenue support for the PTE by £6m. A planned programme to save £4.3m. has already brought in savings of £2.3m. and the PTE is not planning to carry forward a deficit at the end of the 1981/2 financial year, and hopes to achieve a break-even position in 1982/3.
Contractual payments by the County Council for MetroNational bus operations of £38.1m. in 1981/2 will be re PTE in 1981/2 and is likely to duced to £37.1m. in 1982/3 and concessionary fares policies will remain virtually unchanged at £8.05m. Of a total PTE income for its own Metro Bus services of E113m. in 1981/2 £66.8m. will come directly from revenue. Similar revenue has been budgeted for in 1982/3 when total income is expected to be £111.6m.
With 1981/2 expenditure of £102.3m. the expected trading surplus of £10.9m. should wipe out last year's £9.4m. accumulated deficit. It is estimated that 1982/3 expenditure will leave a surplus of about £800,000, which should meet the costs involved in the PTE's staff reductions plans. The PIE is intending to reduce its establishment level of 8,041 to 7,804 in 1982/3,