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Miami-Dade Transit (MDT) is the primary public transit authority of Miami, Florida and the greater Miami-Dade County area. It is the largest transit system in Florida and the 15th-largest transit system in the United States. [4]
As of August 2023, NICE buses do not have ways for customers to pay by contactless card or device using OMNY, despite this program being effective on MTA transit vehicles since early 2020. In August 2023, the fare was increased to $2.90 ($1.45 for seniors and disabled customers) from $2.75 ($1.35).
The farebox recovery ratio (also called fare recovery ratio, fare recovery rate or other terms) of a passenger transportation system is the fraction of operating expenses which are met by the fares paid by passengers. It is computed by dividing the system's total fare revenue by its total operating expenses. [1]
Here's How To Pay For Subway Rides With Your Phone. Straphangers will be able to test the MTA's new tap-to-pay fare system starting Friday. Here's what you need to know about OMNY.
Monitors for the new MTA contactless fare payment system, known as OMNY, are seen on turnstiles at a subway station on March 3, 2021. (Erik Pendzich/Shutterstock)
Under this pilot, customers who tap and go with OMNY would be charged the standard $2.75 pay-per-ride fare for their first 12 trips starting every Monday.
Payroll taxes paid by railroad employers and their employees are the primary source of funding for the railroad retirement-survivor benefit programs. Railroad retirement taxes, which have historically been higher than social security taxes, are calculated, like benefit payments, on a two-tier basis.
An employee financed commuter benefit in which an employee designates a portion of salary before taxes (pretax income) to pay for qualified transit, vanpooling, or parking expenses (up to the IRS allowable monthly maximum).
The MTA plans to bring OMNY to all 472 subway stations and all bus routes by the end of next year, and the agency will introduce its own contactless transit card in 2021.
The modern Miami-Dade Transit county agency was created in 1960 as the Metropolitan Transit Authority (MTA), effectively marking the end of privately operated large scale public transportation services in the county, though there continued to be jitneys or minibuses.