MTA officially proposes another rate hike

? To the surprise of almost no one, the MTA Wednesday officially proposed an 8 percent transit and bridge toll rate hike for next June

NEW YORK - ? To the surprise of almost no one, the MTA Wednesday officially proposed an 8 percent transit and bridge toll rate hike for next June followed by another 5 percent hike to take place in January of 2011.

The organization says the hikes are necessary due to rising fuel costs and a decline in real estate revenues. If the hikes are approved, they would be coupled with a previous increase that just took effect in March.

Prior to the announcement, both New York City Mayor Michael Bloomberg and New York Gov. David Paterson spoke out against the move. Gov. Paterson says another increase "is not wise," while Mayor Bloomberg says he will not support another fare hike unless the MTA tightens its belt.

The MTA wouldn't say whether the base subway and bus fare of $2 might go up to $2.25.

MTApushing for another fare hikeMTA

advertisement | advertise on News 12

Trending Video

News 12 hit the streets to find out, 1 Word on the Street: Worst Highway in NYC
The incident happened on March 15, inside the 2 VIDEO: Deli Plus Grocery shooting exclusive video
Police say two men were shot while sitting 3 Police: Gunshot victims collide with cab driver while fleeing
Police say a man was found dead inside 4 Police: Man found dead in Soundview Park
The organization works in neighborhoods to help promote 5 Save Our Street talent show takes over P.S. 289

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE