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Despite funding gap, MTA sticking with 4% fare hike

2014-10-07 23:08:09| Railroads - Topix.net

The Metropolitan Transportation Authority is sticking with its 4% fare increase for next year, though that won't fill a $15 billion hole in the agency's five-year capital budget , its chairman and chief executive, Thomas Prendergast, said Tuesday. "I'm standing by our financial plan," Mr. Prendergast told reporters after delivering a speech to business leaders at an event of the Association for a Better New York.

Tags: funding gap fare hike

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