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Advocates cite MTA surplus as reason to halt fare hike


Trainspotter

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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 icon_offsite.png - November 7, 2007

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