walder

Fare remains at $2.50, but week and month pass rise

  • 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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