Fare hikes looming in city's transit budget

The city's transit agency is mulling two fare hikes in the next four years as it struggles to complete capital projects and balance its budget.The

NEW YORK - The city's transit agency is mulling two fare hikes in the next four years as it struggles to complete capital projects and balance its budget.

The Metropolitan Transportation Authority presented its proposedbudget for 2012 Tuesday. As previously announced, the authority wants to increase fares by 7.5 percent in 2013 and plans to do so again in 2015. It also plans to deny unionized workers raises for three years.

At the same time, the authority also wants to borrow nearly $ 7 billion from the state and federal government. The money would gotoward capital projects, including the Second Avenuesubway line.

advertisement | advertise on News 12

Trending Video

VIDEO: Rally held to support sick leave legislation 1 VIDEO: Rally held to support sick leave legislation
Ray Navarette is among the Long Island Ducks' 2 Legendary LI Duck lands in Bloomingdales with clothing line
News 12 hit the streets of Brooklyn to 3 Word on the Street: Leggings on a plane
Federal agents have raided numerous homes and businesses 4 Rockland fire training center serves as base for FBI raid operation
5 Brooklyn Sportscast, March 27

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE