MTA passes doomsday budget - Your fare is increasing & services are decreasing.

December 17, 2008 10:04 am
MTA passes doomsday budget

MTA board members said Wednesday they still hope for a bailout from Albany or Washington that might allow them to avoid the increases.

(AP) - The board of the Metropolitan Transportation Authority has passed a 2009 budget that ultimately would raise subway and bus fares in New York while cutting service.

The agency says it needs to raise fare and toll revenues by 23% in order to plug a budget gap worsened by the global financial crisis.

Board members say they still hope for a bailout from Albany or Washington that might allow them to avoid the increases.

Details of the hikes and cuts won't be finalized until early next year.

Under the worst-case scenario, a single bus or subway ride could rise to $2.50, and a monthly pass could cost around $100. Service cuts would include the elimination of bus and subway lines in areas where there is either low ridership or a duplication of services.

LET THE REVOLUTION BEGIN!

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