New Yorkers may be seeing a surge in cab fares in the near future. The Taxi and Limousine Commission is considering a fare hike that could be as much as 20 percent.
Subway tickets are set to spike 7.5 percent next January in the latest round of fare hikes hitting straphangers where it hurts most.
The increase will boost ticket prices by over 19 percent over six years, but Gov. Dan Malloy wants passenger to understand the money will go to critical upgrades to the railroad’s infrastructure.
Higher fares are always a possibility, but many believed they were off the table for the New Haven Line when the state’s unions decided to play ball in a package of concessions for the state budget.
Following Sunday morning’s toll and fare hike for bridges and tunnels crossing the Hudson River, politicians on the New Jersey side are furious.
Fares are likely going up on Metro-North Railroad’s New Haven Line, but by how much? Commuters got their say at two hearings in Stamford on Tuesday.
If you have something to say about fares on Metro-North Railroad’s New Haven Line, find some room in your schedule today and make it to Stamford.
The agency says it needs the additional revenue the hikes will generate to pay for a new 10-year capital investment plan, maintain security, and complete the over-budget World Trade Center.
The Port Authority said the additional revenue is necessary to pay for new bus projects and much-needed fixes for bridges, roads and airports.
“If you want to raise taxes, don’t pick one class of people and say ‘I think they have too much money’ or ‘I don’t think they have enough money or whatever.’ Raise everybody’s taxes 1 or 2 percent, whatever it was,” Bloomberg said.
New Jersey Gov. Chris Christie is putting in his two cents when it comes to the proposed massive toll and fare hike from the Port Authority of New York and New Jersey.
The transit agency has suspended payouts to nonunion employees.
According to published reports, records show 34 New Jersey Transit employees received vacation-time payouts, including a former executive director who got 29,775 for unused vacation time and $15,000 for unused sick time.
Commuters in have been hit with fare hikes of up to 25 percent on buses and trains. Now, NJ Transit wants to raise parking fees at many of its lots. That’s got some residents saying enough is enough.
Overcrowded lots would get more spaces but rates would likely would increase. Free lots would likely begin charging.