MTA to roll back fare and toll hikes from higher projections
NEW YORK – The Metropolitan Transportation Authority announced on Wednesday it would reduce tolls and fares over the next four years to about half of what they anticipated they would be.
The drop from 7.5 percent to four percent comes as a result of improved MTA cost cutting and increased tax and operational revenue, officials said.
While the announcement is good news, MTA Board Member James Sedore of Fishkill, the chairman of the Metro-North Committee, is not pleased with what the MTA has done for his railroad.
“While my constituents share in all of those fare increases, increases in the payment of mobility tax, and we look at service enhancements; my constituents haven’t had a service enhancement since the extension of the Harlem Valley Line,” Sedore told the board. “So, while we talk about what service enhancements belong where, we are the forgotten counties in the northern part of Metro-North.”
http://empirestatenews.net/News2013/20131114-1.htm