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MTA Plans New Rate Hike, Citing 'Very Difficult Economic Times' MTA Plans New Rate Hike, Citing 'Very Difficult Economic Times'
MTA Plans New Rate Hike, Citing 'Very Difficult Economic Times' Travelers can expect a hike in prices as the Metropolitan Transportation Authority proposes a rise in fares and tolls for the coming year to cover rising expenses. Citing projected declines in revenues and increases in cost for providing services, the MTA announced that it will require “fare and toll adjustment and new sustainable revenue sources in order to avert significant service cuts and layoffs.” “In the face of very difficult economic times, we’re aggressively pursuing cost savings and identifying efficiencies while we work hard to create the renewed and modernized public transportat…

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by Zak Failla