News Stories Tagged mta
MTA borrowing could mean major fare hikes
Straphangers could be hit with hefty fare increases if the MTA chooses to borrow billions of dollars to help pay for its transit improvement plan, a new report warns. State...
NYS Comptroller Warns MTA Borrowing Could Mean More Fare Hikes
The Metropolitan Transportation Authority is set to increase fares by four percent next year, but the hikes may have to be steeper, according to a new report.
MTA Breaks Ridership Record But It's Still So Broke
For five days last month, the MTA experienced record-high ridership numbers, culminating on September 23rd, when 6,106,694 people swiped their cards and used the most effective mass transit conveyance in the country. Ridership on New York City's subway hasn't been this high since the 1940s, but the MTA is still dangerously strapped for cash. A new audit by the state comptroller [ PDF ] shows ...
Subway inspector?s widow to sue city for $30 million
The widow of an MTA worker plans to sue the MTA for $30 million over the death of her husband, who took a horrific tumble while repairing a subway car,...
Another MTA hike possible despite record ridership
Despite record-breaking subway ridership numbers, the Metropolitan Transportation Agency may need to raise tolls and fares, again, in order to close a budget gap. In his annual report of the MTA's financial outlook, New York State Comptroller Thomas DiNapoli said the agency has a $15.2B budget gap that can be plugged by raising fares and tolls 15 percent. A four percent increase is already ...
Report warns MTA borrowing could hike fares further
Fares are at risk for an even greater hike if the MTA is forced to borrow billions of dollars to fund its transit improvement plan, the state comptroller warned Tuesday.
MTA ate over $200M in losses in botched surveillance work: lawyer
The MTA suffered more than $200 million in unexpected losses scrambling to install high-tech surveillance equipment to protect subway riders from potential terror attacks after defense contractor Lockheed Martin failed...
DiNapoli: More MTA Debt Would Cause Fare and Toll Spike
State Comptroller Tom DiNapoli says simply borrowing the money to pay for the MTA's upcoming Capital Plan could be costly for riders. The $32 billion plan covers a slew of repairs and new projects , including the extension of the Second Avenue Subway, new stops for Metro North in the Bronx and at Penn Station, and access to Grand Central Terminal for the Long Island Rail Road. The MTA has only ...
MTA to Add Wireless Service to 40 More NYC Subway Stations
New York City subway riders will get access to wireless service in 40 more underground stations in midtown Manhattan and Queens under a plan the Metropolitan Transportation Authority will announce this week.
MTA officials investigate fights aided by drivers
Maryland Transit Administration officials are investigating two fights in which bus drivers allegedly help carry out the attacks.