Advocates cite MTA surplus as reason to halt fare hike

[Trainspotter 0]

Advocates cite MTA surplus as reason to halt fare hike

 

NYC Transit's subways and buses move 7 million riders a day - but City Hall picks up just a sliver of the cost.

 

City subsidies to the Metropolitan Transportation Authority's largest division total approximately $250 million a year - just 4% of NYC Transit's $5.7 billion operating budget, budget documents and financial reports show.

 

Transit advocates and many state legislators don't believe the MTA needs to raise fares next year because it has a large surplus.

 

Full story: NY Daily News - November 7, 2007

[DOB2RTO 29]

So with congestion pricing, the city would pay $800 million more. I hate to say it, but the commuter tax may have to make a comeback. I know it's unpopular, but......