Mayor Bloomberg not convinced MTA fare hike needed

[Trainspotter 0]

Mayor Bloomberg not convinced MTA fare hike needed

 

Mayor Bloomberg isn't on the MTA's fare and toll hike express.

 

Bloomberg Thursday said he's not convinced the Metropolitan Transportation Authority's proposed increases are warranted.

 

He said the top priority should be how to expand the mass transit network of subways, buses and commuter train lines that will be needed because of a projected population boom.

 

Full story: NY Daily News - October 26, 2007

[superdotny 0]

It's true though. NYC is really running of resources, especially land and labor. Land is low, if NYC doesn't to use the boroughs effectively. Labor as in the lack of immigrants if Spitzer's plan fails in Albany. Labor is a crucial element when the baby-boomers retire (and they have started already). New York needs to attract highly skilled workers into its realm; likewise, the government should try to maintain current residents. Retirees will eat away MTA profits since they pay half of the amount. From this point of view, you can make a case for a hike. However, I don't suggest a hike now--maybe in about two or three years.