New York's MTA Hikes Fares, Tolls To Close and Trim Looming Deficits

McDonald, Michael
December 2004
Bond Buyer;12/17/2004, Vol. 350 Issue 32032, p3
Trade Publication
This article reports that the board of New York Metropolitan Transportation Authority (MTA) on December 16, 2004, approved a controversial financial plan for fiscal year of 2005 that closes a $101 million deficit by cutting discounts on subway and commuter train fares and raising express bus fares and bridge and tunnel tolls. The MTA will increase 30-day unlimited MetroCard prices for New York City subways and buses to $76 from $70 and 7-day cards to $24 from 21 on February 2005. New York City Transit express bus base fares will also increase in February to $5 from $4.


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