More Fare Hikes Looming In 2010?

In a little under 6 hours, the MTA Board will hold a special meeting. This meeting which was announced a few days ago through an e-mailed press release is set to tackle possible worst case scenarios for 2010 (& beyond) which include another fare hike. Glenn Blain & Pete Donohue of the New York Daily News have more in this report which will appear in today’s print edition:

Straphangers could get socked with another fare hike next year – an unprecedented third in a row – if the state Legislature doesn’t come to the rescue, transit sources revealed Thursday.

The Metropolitan Transportation Authority projects a $300 million budget gap in 2010 – even if it increases fares by as much as 30% in June and implements sweeping service cuts this spring.

The agency had hoped the Legislature would agree to a bailout, including putting tolls on the city’s now-free bridges, but no deal has been reached.

Without a pact, double-digit fare hikes and deep service cuts are almost certain this summer. The MTA is ready to set new fares on March 25. A monthly MetroCard, now $81, could rise to $103.

The MTA today will start looking at worse scenarios for 2010 and beyond, sources said.

Click here for the complete report.

I will do my best to blog about the meeting later today. So keep it here for the latest info & analysis.

xoxo Transit Blogger

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