walder

Date: December 30, 2010
Base fare remains at $2.25 [1]
- Though single ride increases to $2.50
  - is this the first time they have diverged?
- 30-day unlimited increases from $89 to $104
- 7-day unlimited increases from $27 to $29
- Time-based passes will remain unlimited, after board rejected a ride-capping proposal
- A third of riders use 30-day passes
- Fare increase expected to increase revenues by 7.5%
  - Earlier 2010 service cuts were due to budget deficit caused by lower tax revenue and cut in state funding
- 30-day (month) pass cost $63 a month when introduced in 1998
  - Has increased 65% in 12 years, far greater than inflation
- Bonus drops to 7%
Source: Michael M. Grynbaum, "M.T.A. Approves Transit Fare Increases," The New York Times, October 7, 2010. link
Tags: fare-increases mta walder

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