Looks like the fare hikes are going to happen. Dust off those bicycles.
Check out this article from Streetsblog.org’s own Ben Fried…
If state legislators don’t act to undo the outcome of today’s MTA Board meeting, it would mark the second straight year that fares have gone up, which is already a departure from the norm. And it’s going to get worse, say Gene Russianoff and the Straphangers Campaign:
–Without new financial help from Albany soon, the MTA says its current bad finances may mean another fare hike in 2010.
— That would make it three years in a row for fare increases — March 2008, June 2009 and early 2010 — the worst record in the MTA’s 40-plus year history.
— It demonstrates a trend of shifting the costs of operating transit from some beneficiaries of the subways and buses — such as motorists and businesses — onto riders. For example, the riders’ share of operating costs for the subways will go from 69% to an astonishing 84%, according to the MTA, if the just-approved fare increases are implemented.
–Under the plan proposed by former MTA chairman Richard Ravitch, no new fare hike would occur before 2011.
read the rest of the article here.