Bloomberg Might Support Increase Of Subway Fares To $2
By: NY1 News
TWC News: Bloomberg Might Support Increase Of Subway Fares To $2
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Mayor Michael Bloomberg says that he's "sympathetic" to the Transit Authority's budget crunch — a sign that suggests a $$2.00 subway fare could be on the way.
MTA officials said in October that the damage to the city's transit system caused by the September 11 terrorist attack on the World Trade Center left a $$3.7 billion hole in their budget.
Bloomberg's comments are being taken as a signal that he won't put up a fight if the state-controlled MTA tries to boost subway and bus fares from $$1.50 to $$2.00.
"A 33-percent raise would be substantial, but I just don't know the economics," the mayor said Wednesday. "I am sympathetic to any agency, but the fact of the matter is we have services that cost money and somebody's got to pay for them."
The comment from the mayor came in response to a reporter's question, and officials say there is no formal plan to raise fares at this point.
In fact, an MTA spokesman reportedly says that talk of a fare hike is premature. Nevertheless, it has been seven years since the last increase.