Tuesday, December 30, 2008

NYC'S MTA LIKELY TO...WHAT ELSE..INCREASE FARES AS USUAL

M.T.A. Gives More Details on Possible Fare Increases
By SEWELL CHAN
The cost of riding subways, buses and commuter railroads in the New York region will almost certainly rise in June; that much is clear. But the magnitude and nature of the increases are unclear.
To spell out the possibilities, the Metropolitan Transportation Authority released four options on Monday that it is considering as part of its effort to close a $1.2 billion budget gap.
The increases might not be final until well into the spring, even though the authority’s board, which approved the increases this month, is supposed to approve the final details by March.
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