The MTA won't quit squeezing New Yorkers for cash - even as it shells it out by the billions
Briefly

from New York Post2 months ago
The MTA's decision to increase subway fares by nearly 4% while planning to spend $1.27 billion on new subway cars raises questions about prudent financial management.
New York Posthttps://nypost.com/2024/12/22/opinion/the-mta-wont-quit-squeezing-new-yorkers-for-cash-even-as-it-shells-out-billions/
Despite previous fare increases and federal funding post-COVID, the MTA faces cash shortfalls exacerbated by decreased ridership due to safety concerns and fare evasion.
New York Posthttps://nypost.com/2024/12/22/opinion/the-mta-wont-quit-squeezing-new-yorkers-for-cash-even-as-it-shells-out-billions/
With costs for subway projects reported to be seven times the global average, the MTA's financial strategies are under scrutiny as it continues to seek additional revenue.
New York Posthttps://nypost.com/2024/12/22/opinion/the-mta-wont-quit-squeezing-new-yorkers-for-cash-even-as-it-shells-out-billions/
The repetitive fare hikes, combined with rising tolls for motorists, reflect the agency's ongoing struggle to balance budget deficits against operational needs.
New York Posthttps://nypost.com/2024/12/22/opinion/the-mta-wont-quit-squeezing-new-yorkers-for-cash-even-as-it-shells-out-billions/
Read at New York Post
#mta #new-york-city #fare-hikes #public-transportation #financial-management
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