cuomo-mario

Fare increases from 90 cents to $1

  • Date: January 1, 1986
  • Legislature saved 90-cent fare at end of 1984 by extending a corporate tax surcharge that helps subsidize mass transit in the NYC metro
  • Increase came as Transit Authority faced potential $225mil operating defecit for 1986
    • When did they stop calling themselves the Transit Authority?
  • Koch wanted to keep 90-cent fare for another year through a state increase of tax on real estate transactions greater than $1mil in the city
  • Cuomo said keeping 90-cent fare was not in his priorities, and wanted the legislature to focus on medical malpractice insurance
    • Koch responded, "I mean, you have to be able to do more than chew gum."
  • Source: "THE REGION; THE LAST DAYS OF THE 90-CENT FARE," The New York Times, December 8, 1985. link
  • Tags: cuomo-mario fare-increases koch mta

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