On the same day the New York Times reported that the city’s yellow cab industry is being spared from the worst effects of the recession by allowing riders to pay by credit card, the MTA announced major fare hikes for public transportation commuters:
“After a fiery hearing Wednesday, the Metropolitan Transportation Authority voted 12 to 1 to approve subway, bus and commuter train fare hikes from 25% to 30% and impose severe service cuts, including elimination of two subway lines and 21 local bus routes. . . .
“Starting May 31, the monthly MetroCard, now $81, will cost $103 and a weekly MetroCard, now $25, will cost $31. The one-way bus and subway fare will rise from $2 to $2.50, a whopping 25% increase.
“Commuter train fares rise June 1, while MTA bridge and tunnel tolls jump July 11. Service cuts also include longer gaps between trains and the closure of a few stations overnight.” (more @ The Daily News)
Leave a Reply