Trainspotter Posted November 7, 2007 Share #1 Posted November 7, 2007 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 Link to comment Share on other sites More sharing options...
DOB2RTO Posted November 7, 2007 Share #2 Posted November 7, 2007 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...... Link to comment Share on other sites More sharing options...
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