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Our budget is set for us each year by the Tyne and Wear Passenger Transport Authority. In 2006-07 our budget was £93,664,000, of which £84,334,000 is operating cost. The PTA receives its money in the form of a levy on the five district councils. The amount each council gives is in proportion to its population. Revenue collected in fares and advertising on Metro is ploughed back into the service, keeping its operating subsidy at a minimum. The amount levied from each authority rose significantly in 2006-7 as Government money to fund free concessionary bus travel for pensioners and disabled passengers was passed on to Nexus. Nexus also, exceptionally, used £2m from reserves to balance the 2006-07 budget. The Nexus budget for 2006-07 was: | Details | Total | | PTA budget | £4,009,000 | | Nexus | £89,655,000 | | Total | £93,664,000 | This comes from: | Details | Total | | Govt. grants to Nexus | £26,607,000 | | Levy on district councils | £65,057,000 | | Use of reserves | £2,000,000 | | Total | £93,664,000 | The people of Tyne and Wear contributed by district as follows: | District | Total | | Gateshead | £11,463,023 | | Newcastle | £16,138,901 | | North Tyneside | £11,427,070 | | South Tyneside | £9,078,139 | | Sunderland | £16,939,687 | How we spend the money we have: | Detail | Total | | Concessionary travel | £40,380,000 | | Metro operations | £23,107,000 | | Bus services subsidy | £6,929,000 | | Rail subsidy | £6,929,000 | | Bus infrastructure | £3,386,000 | | Information and promotion | £1,674,000 | | Care services | £1,552,000 | | Transport planning | £1,088,000 | | Social inclusion projects | £1,000,000 | | Ferry operations | £747,000 | | Demand-responsive bus | £727,000 |
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