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MTA announces proposals for fare and toll increases

The Metropolitan Transportation Authority (MTA), New York, NY, has unveiled proposals that would increase fares and tolls to raise additional revenue to support the New York region’s transportation system..

“Costs that the MTA does not exercise control over, namely those for debt service, pensions, energy, paratransit, and employee and retiree health care, continue to increase beyond the rate of inflation,” said MTA Chairman and CEO Joseph J. Lhota. “We are grappling with long-term measures to reduce these frustrating and difficult non-discretionary expenses, but today, they are the drivers of the need for a fare and toll increase.”

The fare and toll proposals will be the subject of a multi-platform public review process that starts now and lasts through mid-December. The proposals will be subject to modification after the public review process and will be considered for adoption by the MTA Board at its December 19 meeting. The new fare and toll rates would go into effect on or about March 1, 2013.

“The public will have significant input into our decision-making process,” said Lhota. ‘In the spirit of transparency, the public will assist in shaping our fare policy. These proposals have been designed to balance our need for revenue with public involvement. We need to hear from the public. Feedback evaluating the specific alternatives we’ve put forward is particularly useful, but we value all our customers’ input, and we’ll consider changes to our proposals based on what we hear and read.”

The details of the proposed fare and toll increases, broken down by each MTA service, can be found here.

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Posted by on Oct 15 2012. Filed under Latest News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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