State Comptroller Alan Hevesi says that the MTA can handle a fare rollback, after his examination of their books. Naturally, the MTA argues this, but who can trust them after the MTA was found to have two different financial books, one for the public to paint a sad story and get fare hikes passed, the other for the actual information reflecting a relatively healthy busines.
Hevesi believes there's "enough money to roll back the $2 transit fare to $1.75 through the end of this year and keep open 60 token booths that the authority wanted to close. If the current level of MetroCard discounts remained in place, and if the fare then increased to $2 by the beginning of 2004, the authority would be able to end 2004 with a small cushion."
NY1 investigates the MTA's deliberate financial lying.