New York's Metropolitan Transportation Authority (MTA) Board today approved a series of resolutions that will allow the MTA to move forward with fare increases of 25 percent to 30 percent and service reductions that will affect customers throughout its service area. These actions were required to implement the balanced budget passed by the Board in December, which closed an approximately $1.2 billion deficit.
"...today, as we make a very difficult and distasteful set of decisions, we are doing so strengthened in the knowledge that no less than the future of the MTA and the region is at stake," said Elliot G. Sander, MTA Executive Director and CEO.
