MTA Chairman Defends Proposed Fare Hikes

NEW YORK (WCBS 880) — There’s no way around it. If you ride a MTA train or bus, you’ll soon be paying more.

As the MTA held the last of its public hearings on proposed fare hikes Tuesday night, the agency’s chairman and CEO is still explaining why the increases are necessary.

“I don’t see any way as we stand right now to avoid a fair increase as we look to January,” Jay Walder told WCBS 880’s Peter Haskell.

LISTEN: WCBS 880’s Peter Haskell reports fare hikes are in the future

Walder said revenues have come up $900 million short and he will not take money from the capital budget and jeopardize projects like the 2nd Avenue Subway in the extension of the number 7 to make fare hikes less painful.

“I believe that it is our responsibility right now to ensure that we complete those projects. We complete them on time and on budget, get them done and not leave holes in the ground for another generation,” Walder said.

Walder said the MTA has already cut $500 million in spending and another three quarters of a billion dollars in cuts is on its way.

“We’re working on other efforts in consolidation right now in communications, in IT, in purchasing etc. and I think you’ll see savings of significant amounts of money as we go forward,” Walder said.

More from Peter Haskell

One Comment

  1. Alex says:

    MTA is 65% funded by NYC gvt, but acts like a private ORG- BS! NY’s have a BIG voice..use it! Demand change, suggest the MTA terminate at least 4 persons from every Track project. There r always 2 MTA workers doing the work and 5 standing to do nothing. Take pics post on web email daily news, NY Post, NY times CNN, (to publiscize the lack of work. Cut at least 4 persons per job- save millions/year. Suggest TOP MTA officials refuse a raise of 2.5% per year MTA saves at least 2million$ annually.

  2. Eve says:

    Show me the real budget. Where’s the numbers to show that the MTA is short on money. Look at those guys working on the tracks. Half the day they’re sleeping or hanging around chatting, drinking coffee. 8 out of 10 of them are not working and just wait for time to get off work. How many of them really care about commuters and getting the work done on time? They only care about the $$ and benefits.

  3. george says:

    Did Walder say anything about eliminating kickbacks? Are they to continue as business as usual or is there going to be some sort of cap on them?

  4. Joseph Weiss says:

    Pathetic, those projects can go forward without the funds that would needed to keep fairs as they are. Mr. Walder has no guts to demand more money from the Feds or the State. Dont make it our problem.

  5. Elo says:

    MTA is a damn monopoly. They know that they can raise fares and people will still take the MTA because there’s no other public transportation alternative! Thousands of people take public transportation daily. I want to know where all that money goes because it sure isn’t going into improving service and cleaning up the train stations. How about Jay Walder and company quit lining their own pockets and actually invest into the MTA. If I actually saw improvements then I wouldn’t be this furious!!!

  6. Chuck says:

    The NYCMTA are filled with idiots, including their board members and CEO. Service stinks, the trains are dirty as hell, and they think they have a right to raise fares.

  7. Andrei says:

    MTA is a black hole. It is nothing but socialistic milking cow for the few in the heart of capital of of capitalism. MTA must be recognized as home security treat, it must be outlawed and dismantled.

  8. Rob says:

    Ok, so when those projects are finished will they lower the rates back down? Yeah right!

  9. David C says:

    Why did it take till now to stop wasting that money?

  10. TG says:

    We need to boycott MTA and see how far they can really go. If the workers can strike and leave commuters stranded (and we did a good job getting around that), we can stop riding the buses and trains and see how far they can make it. We all know that they are wasting the money on themselves, let’s keep the same money for ourselves.

  11. erik says:


Comments are closed.

More From CBS New York

Get Our Morning Briefs

Watch & Listen LIVE