Results tagged “2009farehike”

So, the MTA offered some more information about the kinds of fare hikes they want to see. According to CityRoom, "Not only is it seeking an 8 percent increase in revenue from fares and tolls, to take effect July 2009, but also an additional 5 percent to take effect by January 2011 — for a cumulative increase of 13.4 percent over just 18 months."

Like Governor Paterson, Mayor Bloomberg expressed his dismay over the MTA's plans to raise subway and bus fares next year. He gave his usual spirited (and sort of annoyed) thoughts to reporters yesterday, and the Observer's Azi Paybarah took this video, that includes Bloomberg's proclamations the city can't afford to give the MTA any money (the city gives the state $12 billion each year and doesn't get much in return) and that the MTA isn't being run well. Hey, Mayor Bloomberg--why don't you buy out the MTA and privatize it? That could be your big philanthropic endeavor!