Walder: No Fare, Toll Hikes For 2012 In New MTA Budget

NEW YORK (CBSNewYork/AP) — In the Metropolitan Transportation Authority’s preliminary budget, there are no fare, toll hikes or service cuts for 2012.

“I think the plan that you will see presents something that frankly I didn’t know that we would be able to say at this point,” MTA Chairman Jay Walder said. “Which is it presents at least a fragile stability for the organization.”

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Walder said the agency has been able to achieve that by making every dollar count, however, there are plenty of ifs.

The city, state and federal governments must come through with funding and unions would have to agree to three years of no raises.

There is also concern from some board members on the debt needed to finance the capital budget.

Walder said that as opposed to the past, they are not raising fares this year because of the financial crisis, but instead are planning fare hikes totalling about 7.5 percent in 2013 and 2015.

A $1 fee on new MetroCards, approved last year, won’t is expected to kick in 2013.

The fee is designed to stop straphangers from tossing their cards as the MTA seeks to reduce manufacturing costs. It was supposed to start this year. But an MTA spokesman says it’s taking longer than expected to re-program all the vending machines.

Users getting new cards through employee programs or because of damaged or expired cards won’t have to pay the fee.

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Walder warns that the capital project budget has money enough to last just another five months and four days.

The MTA will seek a $2 billion federal loan and sell nearly $5 billion in bonds, which will mean higher costs in the future.

After public hearings, the budget is scheduled to be adopted in December.

Sound off in our comments section below…

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)


One Comment

  1. kendra says:

    i did,t even know that we were going to have 1 dollar cards that really comes in handy for predestrians like me cause sometimes i really do think that those 4.50 metro cards can be guite expensive.and please by all means bring it on please .

  2. gjk says:

    There once was a time when we used metal tokens to travel on public utilities. They lasted forever, didn’t need electronics to run, and made a pleasant tinkling sound in your pocket.

    Oh, yeah, that’s right . . . if you wanted to, you could hoard them when you heard the fare was going to go up. Bet that’s why they’re gone…

  3. Chris says:

    Watch ch 11 Greg Mocker reports on the MTA. The amount of waste at HQ is disgraceful. But once again the “blame the unions” crowd comes out.

  4. VY says:

    The politicos won’t restructure the NYC Transit Authority section of the MTA because they do not want to go up against the TWU. If you remember back to the NYC financial crisis in the 1970’s, every union gave a little to help the city survive, EXCEPT the TWU. This union has steadfastly continued to protect goldbricking no work or extra people to supervise jobs and other labor cost adding practices. The TWU is also one of the biggest pension abusers by shoving a high amount of the available overtime work on to the last year of the people about to retire, warping those peoples pensions higher then they contributed too.

  5. Chris says:

    I don’t mind a $1 fee for new cards. It’s wasteful to get a new one each time. I always refill my Metrocard, unless it is damaged or extremely worn out.

  6. JOE says:

    MTA IS A MESS.The FEE’S ON LIRR and Metro north are 40% higher then they should be.They do not 900 employess walking aroung gct.When will the people get smart and protest.

  7. T says:

    I have worked as a consultant in many government agancies back in the 90’s, and the complaints of lazy workers, incomptance and people who really should be fired but are some how not fired do not hold true, except for the MTA and especially the TA. These places have to be ripped apart and rebuilt from the ground up. If I remember correctly the governor is one of the top people in the managment structure, why hasn’t any governor in the past 30+ years gotten involved to straighten out this cluster —-.

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