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Fare Hikes Could Come To Metro-North To Address 'Fiscal Cliff': MTA Post-COVID impacts including dramatically reduced ridership has led to a deep budget shortfall, officials say.
Subway Fare Hikes Won't Fix MTA's Budget Woes, Comptroller Says - New York City, NY - The MTA plans to increase subway fares in 2019 and 2021. It'll face a $634 million budget gap in 2022...
A redesign to New York City's iconic turnstiles could be coming as MTA officials claim fare evasion costs $500 million a year.
The city's $250 million annual contribution to the MTA budget in 2017 was a quarter of the contribution in 1990. The MTA's East Side Access, became the most expensive underground railway project in the world due to politicians' monetary mismanagement of the MTA, as well as costly, inefficient union rules.
Metro-North Railroad (reporting mark MNCW), trading as MTA Metro-North Railroad, is a suburban commuter rail service operated by the Metropolitan Transportation Authority (MTA), a public authority of the U.S. state of New York.
The budget problems stem from multiple sources. The MTA cannot be supported solely by rider fares and road tolls. In the preliminary 2011 budget, MTA forecasted operating revenue totaled at $6.5 billion, amount to only 50% of the $13 billion operating expenses. Therefore, the MTA must rely on other sources of funding to remain operational.
In addition to reducing congestion and improving air quality in Manhattan, the toll would raise $1 billion a year for the MTA's capital program.
Subway Chief Cites Fare-Beating In MTA Budget Woes - New York City, NY - Andy Byford said fare evasion is a factor in the MTA's budget problems, drawing fire from the Manhattan DA's...
New Jersey legislators peppered the state’s top transportation leaders with questions about NJ Transit’s budget problems, a controversial project to widen the New Jersey Turnpike, questionable...
The state budget requires the MTA to create a fare evasion plan with input from the mayor, the governor and the city's district attorneys. Noah Manskar , Patch Staff