Wednesday, May 6, 2009


Well, it looks like our esteemed elected leaders finally managed to hammer out some kind of bailout of the MTA. Good for them!

Considering that they had until May 31 before the so-called doomsday budget would have kicked in with its massive fair hikes and service cuts, I guess we should be grateful. Still, they could have acted sooner and saved us New Yorkers from weeks of financial agita.

But even though we've been saved from doomsday, this bailout still contains some pain. Here's the rundown:
  • MetroCards go from $2 to $2.25
  • Monthly MetroCards go from $81 to $89.
  • Metro-North and LIRR fares, and bridge and tunnel tolls, go up 10%.
  • Tolls and fares will be increased again in 2011 and 2013.
So some of this is pain deferred. That's the bad news. The good news: there's no service cut and also money for capital improvement projects like the 2nd Avenue Subway (the White Wale of NYC transportation).

Thus we New Yorkers can sleep a little sounder tonight know that our dear, beloved MTA has been made solvent again. Until next time ...

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