October 15, 2012

N.Y. unveils proposal to increase fares, tolls

The New York Metropolitan Transportation Authority (MTA) unveiled proposals that would increase fares and tolls to raise additional, vitally needed revenue to support the New York region's transportation system.

The increases come during an era of successful and unprecedented MTA management actions to cut controllable expenses. In fact, the MTA will spend less in 2012 on its controllable costs than it did in 2011. Year-over-year controllable costs are lower by 0.3%.

“Costs that the MTA does not exercise control over, namely those for debt service, pensions, energy, paratransit, and employee and retiree health care, continue to increase beyond the rate of inflation,” said MTA Chairman/CEO Joseph J. Lhota. “We are grappling with long-term measures to reduce these frustrating and difficult non-discretionary expenses, but today, they are the drivers of the need for a fare and toll increase.”

The fare and toll proposals will be the subject of a geographically diverse, multi-platform public review process that starts today and lasts through mid-December. The proposals will be subject to modification after the public review process and will be considered for adoption by the MTA board at its December 19 meeting. The new fare and toll rates would go into effect on or about March 1, 2013.

“The public will have significant input into our decision-making process. In the spirit of transparency, the public will assist in shaping our fare policy,” said Chairman Lhota. “These proposals have been designed to balance our need for revenue with public involvement. We need to hear from the public. Feedback evaluating the specific alternatives we've put forward is particularly useful, but we value all our customers' input, and we'll consider changes to our proposals based on what we hear and read.”

deli.cio.us digg it stumble upon newsvine
[ Request More Info about this product / service / company ]


E-NEWSLETTER

Receive the latest Metro E-Newsletters in your inbox!

Join the Metro E-Newsletters and receive the latest news in your e-mail inbox once a week. SIGN UP NOW!

View the latest eNews
Express Tuesday | Express Thursday | University Transit

White Papers

Mass Transit Capital Planning An overview of the world-class best practices for assessing, prioritizing, and funding capital projects to optimize resources and align with the organization’s most critical immediate and long-term goals.

The Benefits of Door-to-Door Service in ADA Complementary Paratransit Many U.S. transit agencies continue to struggle with the quality of ADA service, the costs, and the difficulties encountered in contracting the service, which is the method of choice for a significant majority of agencies. One of the most basic policy decisions an agency must make involves whether to provide door-to-door, or only curb-to-curb service.

Mass transit mobile Wi-Fi & the public sector case study How Santa Clara Valley Transportation Authority successfully implemented Wi-Fi on its light rail and bus lines

More white papers


STORE
METRO Magazine - February/March 2013

METRO Magazine
Here are the Highlight:
  • Federal Policy Will Depend on Available Revemues
  • Proterra to Power S.C. Town with All-Electric Fleet
  • Passengers Seek More Ways to Pay Fares
    And much more…
  •  
    DIGITAL EDITION

    The full contents of Metro Magazine on your computer! The digital edition is an exact replica of the print magazine with enhanced search, multimedia and hyperlink features. View the current issue