Tuesday, November 6, 2007

MTA: More Riders Than Ever, Huge Surplus. So Why the Fare Hike?

Hundreds of MTA patrons showed up in Downtown Brooklyn to protest the perhaps inevitable fare hikes. Some called on Gov. Spitzer to step in and do something.

Hmmn: According to the Brooklyn Eagle, the MTA projects a $6 billion funding shortfall in the next four years, despite a 50-year high in ridership and an expected $966 million surplus for this year and $377 million for next year.

Here's another point: Brooklyn Borough President Marty Markowitz said that fare increases on mass transit would result in increased traffic, and that runs counter to Mayor Michael Bloomberg’s “bold” congestion pricing plan.

Brooklyn to MTA Board on Fare Hike: The Answer Is Still No-- Brooklyn Eagle

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