New York, NY – MTA To Seek Fare Hike For Second Straight Year

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    New York, NY – The MTA plans to propose a fare increase to take effect next July 2009, just over a year after MetroCard increases took effect.

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    It’s unclear how much the fare will increase. The MTA will only say it needs to increase firebox revenue by eight percent – about $400 million a year. That could mean hiking the base fare from $2 to $2.25 and raising the price of unlimited MetroCards. But for now, the MTA is only speaking in general terms.

    In addition to the increased revenue from straphangers, the MTA is also seeking $300 million in increased city and state aid.

    The agency also plans to eliminate the use of free E-ZPasses by government agencies, including the NYPD – a measure that could save an estimated $10 million a year.

    They intent to close a $700 million budget gap that has appeared in recent months.

    None of the proposals are set in stone, including the fare increase. They are part of the MTA’s preliminary budget forecast for next year. By law, the MTA must hold public hearings before raising fares, which wouldn’t happen until early next year.

    U/D:
    The mayor, City Council speaker and Assembly speaker said they would oppose the proposal, and the governor pledged “to do everything I can to prevent it.”


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    Anonymous
    Anonymous
    15 years ago

    By the way, the MTA is not really for mass transit, that is an excuse. It really exists to employ losers who can’t make it in the private sector, and give them perpetual pensions.

    In other words, they need the money for their retirees, not the trains.