Results tagged “2008farehike”

If you actually believed the recent fare hike would go toward service improvements on city subways and buses, the MTA has a bridge to sell you. Due to a slowdown in real estate tax revenues, the agency said yesterday that it would have to postpone any planned service improvements promised to come with the fare hike. Despite already projecting a decrease in tax revenue, the MTA fell $21 million short of its projections for the year, with the MTA's CFO Gary J. Dellaverson saying, "We took these tax projections down quite dramatically from last year, and they are quite dramatically underperforming."

The MTA's various fare hikes for the NYC subways and buses, as well as its railroads, went into effect this weekend. Today, subway and bus base fares still cost $2, but higher-value pay-per-ride Metrocards have less of a bonus discount while weekly and monthly unlimited ride Metrocards are more expensive.

The MTA's various fare hikes are starting to go into effect next month (aka tomorrow). Tomorrow, Long Island Railroad and Metro-North fares are going up. Bridge and tunnel tolls are going up on March 16. And the doozy will be the NYC Transit subway and bus fare hikes which go into effect on Sunday, March 2. Expect tons of confused riders and weary MTA workers on Monday and for the next few weeks.