The local transportation system could be more than $6 million in the red by the 2015-16 fiscal year.
Representatives from the UNC Department of Public Safety presented a five-year plan at the Wednesday meeting of the Employee Forum, outlining the department’s plans to cover costs in the coming years by raising fees.
DPS officials estimated that an additional $6.1 million in annual revenue will be needed to cover operating costs by 2015-16.
Some funding strategies included increasing parking fees beginning in 2011-12, and increased fees for daytime and park-and-ride permits starting in 2013-14.
The Student Transit Fee, which currently covers just less than 30 percent of transit costs, is also set to rise from its current cost of $73.50 to $142 by the 2015-16 school year, an increase of 93 percent.
It will rise about $14 per year, according to the plan.
“This is what we’re going to be taking forward to the Board of Trustees for approval” in March, said Cheryl Stout, assistant director of parking services. “The plan is spreading costs of the system to user groups that have not been contributing to help offset costs.”
Park-and-ride permits, which are already the most expensive form of alternative transportation, will be raised to $250 per year. DPS projects the increase will generate more than $600,000.
In response to requests that the plan consider employees’ wages, DPS Chief Jeff McCracken said the increases would be gradual.