Home › MTA to continue biennial toll, fare hikes
 

Keywords :   


MTA to continue biennial toll, fare hikes

2015-07-23 07:54:38| Railroads - Topix.net

NEW YORK – The biennial toll and fare increases that the Metropolitan Transportation Authority has been levying since 2009 are likely to continue, at least in 2017 and 2019.  In a long-range assessment of the MTA's finances, Chief Financial Officer Bob Foran said Wednesday that biennial increases of 4 percent and annual recurring cost savings of as much as $1.8 billion will keep out-year deficits in the $14.5 billion budget to “manageable” levels, $175 million in 2018 and $224 million in 2019.  At the same time, they will ensure that the MTA has some cash to leverage for capital projects or debt service.

Tags: continue toll fare mta

Category:Transportation and Logistics

Latest from this category

All news
02.11Atlantic Tropical Weather Outlook
02.11Eastern North Pacific Tropical Weather Outlook
02.11Tropical Depression Thirteen-E Graphics
02.11Summary for Tropical Depression Thirteen-E (EP3/EP132024)
02.11Eastern North Pacific Tropical Weather Outlook
02.11Atlantic Tropical Weather Outlook
01.11Tropical Depression Thirteen-E Forecast Discussion Number 1
01.11Tropical Depression Thirteen-E Graphics
Transportation and Logistics »
02.11Atlantic Tropical Weather Outlook
02.11Eastern North Pacific Tropical Weather Outlook
02.11Tropical Depression Thirteen-E Graphics
02.11Summary for Tropical Depression Thirteen-E (EP3/EP132024)
02.11Fragrancing Spaces with Atmos, A Smart Home Diffuser
02.11Eastern North Pacific Tropical Weather Outlook
02.11Atlantic Tropical Weather Outlook
01.11Tropical Depression Thirteen-E Forecast Discussion Number 1
More »