Everybody's favorite financial black hole in New York City - the MTA - is said to plan another fare hike just days before it institutes its congestion toll, according to a new report from the New York Post.
Spurring the hikes, the MTA approved a $1.27 billion order for 435 new subway cars, including 80 open-gangway models, and outlined plans to raise subway and bus fares to $3 per ride. Chairman Janno Lieber noted the fare increase, expected by late 2025, requires formal board approval next year.
Lieber said this week: “This is a good deal. We are way cheaper than other major world cities.”
Well, there you have it...
But the Post writes that critics slammed the fare hikes and new $9 Manhattan congestion toll starting Jan. 5, pointing to high spending. The MTA’s plan includes 4% fare increases in 2025 and 2027, potentially raising fares to $3.14, with congestion tolls rising to $15 over time.
City Council Minority Leader Joe Borelli fired back: “Chicago Transit bought 400 cars for $632 million pre-pandemic."
He added: “So given the MTA’s incompetence factor, multiplied by their waste, abuse and mismanagement, paying only double a few years later seems par for the course. Congestion pricing was supposed to solve all these capital shortfalls, but apparently now it won’t.”
He continued: “Instead of rooting out waste and abuse within their bloated system, they keep the grift alive at our expense. This is pathetic, unacceptable, and New Yorkers deserve better.”
Insiders doubt fare hikes and new tolls will affect upcoming elections for Gov. Hochul or others. Democratic strategist Jake Dilemani said commuters will feel the pinch, but political fallout is unlikely, according to the Post.
The $1.27 billion plan includes 355 R211 subway cars and 80 open-gangway models debuting in 2027 to replace older trains on several lines. Some G-line riders will see open-gangway cars by early 2025.
MTA officials praised the R211 trains for reliability, wider doors, better signage, video cameras, and smoother service, calling it a key step in modernizing the subway.
