Thursday, November 20, 2008

Brace Yourself: MTA Revealing 'Doomsday' Budget

Brace Yourself: MTA Revealing 'Doomsday' Budget

The Metropolitan Transportation Authority unveils its "doomsday" budget on Thursday and it appears that no one is spared.

Right now passengers are paying $2 per ride, but with a new proposed 23-percent hike they'll pay a whole lot more for a whole lot less.

When it comes to the MTA's budget problems there's the bad news and the worse news.

The bad news: In one scenario under consideration fares on buses, subways, commuter rails and toll bridges may go up as much as 33 percent. Subways could cost $3.

The worse news: Sources tell CBS 2 HD straphangers could be faced with not one, but two fare hikes, this year and next year.

And in addition to eliminating the W and Z subway lines � as well as steep reductions on other subway lines and bus routes -- there are also plans for severe and painful service cuts on the Long Island Rail Road and Metro-North.

(Source: WCBSTV)

http://www.theyeshivaworld.com/article.php?p=26243


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