Results tagged “subwayandbusfarehike”

With the approval of its budget yesterday, the MTA officially raised the rates on subways and buses, MTA bridges and tunnels, and commuter rails. While the increase in fare was inevitable after both Governor Spitzer and Mayor Bloomberg approved of them, the big news today is how the MTA is actually going to bring in extra money with the bonus scheme on the pay-per-ride Metrocard for subways and buses. The base fare for a ride remains at $2, but starting March 2nd, 2008 bonuses will be 15% instead of the current 20%.

The board of the MTA voted this morning in favor of increasing the cost of multiple-ride Metrocards. According to NY1, the outcome of the vote was a foregone conclusion following the public agreement between Gov. Spitzer and Mayor Bloomberg that riders needed to pay more to ride subways and buses. The pair have effective control of ten of the 14 board members' votes.

the possibility of another large surplus next year without a fare hike. Despite projections that put the agency in the black, it says they face a deficit in 2009.

So much for halting the hike! Mayor Bloomberg and Governor Spitzer have both given their approval of the MTA's proposed 4-7% fare hikes for subway and bus riders. The base fare will remain $2, but the unlimited Metrocard prices will increase. The Mayor (from China apparently) said, "Based on the information that my staff and I have received and reviewed over the past few weeks, I am now satisfied that the MTA budget is a...

The MTA has released details for its subway and bus fare hike. While the base fare will still stay at $2, there will be increases for unlimited cards - plus a new two-week unlimited: 1-Day Fun Pass: Increases from $7 to $7.50 7-Day Pass: Increases from $24 to $25* New 14-Day Pass: $47* (*Current 7-Day Pass users who switch to the new 14-Day Pass will actually enjoy a fare reduction.) 30-Day Pass: Increases from...

Dunh dunh DUNH! Governor Spitzer has announced that he is asking the MTA to hold off raising subway and bus fares! Spitzer, who has been smarting from widely hated policy proposals and low approval ratings, made a pre-Thanksgiving bid to show he's listening to his public and said, during a specially planned 9AM press conference, via CityRoom: As the M.T.A. budget forecasts, their balance sheets yielded another $220 million. Based on the current economic...

Remember when all anyone could talk about was congestion pricing? Well, now that the city is officially in holiday gridlock mode, Quinnipiac University released a new poll showing growing opposition to congestion pricing, with 61% of New Yorkers against the plan. Back in July, 52% of voters were against congestion pricing, and then that grew to 57% in August. Most notably, the number of Manhattan voters opposing congestion pricing has risen 11%, from 36%...