The MTA is proposing to raise fares and cut service. The yearly cost of 7-day MetroCards, for example, would go up at least $150 - about the same impact on riders as a 30-cent fare hike! The 30-day MetroCard could go as high as $84. And what do we get in exchange? The MTA plans to slash bus service, close 164 station booths and remove conductors from two subway lines.
Why all the pressure to raise fares and cut service? Because Governor Pataki has forced the MTA to rely heavily on borrowing backed by its operating budget to rebuild the transit system. As a result, the MTA now faces a huge bill. Mayor Bloomberg has also cut rebuilding funds.
The MTA is also proposing a new $27.6 billion five-year rebuilding program to buy new subway cars and buses, rehabilitate stations, replace aging infrastructure to make the system more reliable and safer, and build a Second Avenue Subway. The fate of this vital program is very uncertain.
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