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MTA backpedals on 2015 fare hike plans

Posted by Gold_12th on Wed Apr 24 14:49:56 2013

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MTA may scale back plans for a big fare hike in 2015, the agency’s interim chief said today.

The 2015 fare hike “may be not necessarily the full fare increase anticipated” in the MTA’s financial planning, Thomas Prendergast said.

Prendergast said he’s asked agency officials to look over their long-term plans to bring in another $500 million in fare money starting sometime in 2015.

Thanks partly to high ridership and a fare hike that took effect in March, the MTA is operating with a surplus. It’s also weighing how to spend an extra $40 million recently appropriated by Albany.

The extra money could go to more bus, subway and train service, or could go towards easing fares. “There is a relationship between fare increases and level of service,” Prendergast said.

But he wouldn’t commit to a plan one way or another, saying he and the MTA board will await ideas from their staff.

The March fare hike boosted the base bus and subway fare by 25 cents, to $2.50, raised prices for weekly and monthly passes, added a $1 fee for new MetroCards and reduced multi-fare discounts.

Fares were also boosted on Metro-North and the Long Island Rail Road, and tolls were boosted on MTA bridges and tunnels.

Prendergast, a longtime executive at the MTA and other transit agencies, is awaiting state Senate confirmation as the agency’s chairman and CEO.

- http://www.nypost.com/p/news/local/mta_backpedal_on_fare_hike_plans_QtR6IasYee4s8bY9z6kVIJ

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Re: MTA backpedals on 2015 fare hike plans

Posted by BrooklynBus on Wed Apr 24 17:33:14 2013, in response to MTA backpedals on 2015 fare hike plans, posted by Gold_12th on Wed Apr 24 14:49:56 2013.

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This report states that Cuomo increased the MTA's operating budget by $358 million. http://www.governor.ny.gov/press/03272013-cuomo-details-major-investments-in-public-transportation

So why is Prendergast saying only another $40 million has been appropriated? Is the rest going to the rails?

Something is not adding up.

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Re: MTA backpedals on 2015 fare hike plans

Posted by Kevin from Midwood on Wed Apr 24 17:49:33 2013, in response to Re: MTA backpedals on 2015 fare hike plans, posted by BrooklynBus on Wed Apr 24 17:33:14 2013.

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You know how many politicians tend to refer of decreases in the rate of growth of spending as "cuts?" The same principle applies here. It's an increase of an expected increase.

"The tentative deal between Governor Andrew Cuomo and Albany lawmakers would, if approved, increase MTA funding by $358 million, or $40 million more than the MTA expected."

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