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NYC transit riders brace for more service cuts, bigger fare hikes

Huliq - 4th Feb 2010

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The Real Housewives of New York City:
The widening budget hole stems from significantly lower than projected revenues from the Regional Mobility Tax, a payroll tax implemented last year as part of an MTA budget bailout package. Projected revenues for the 2009-2011 period have dropped $700 million, from $4.17 billion to $3.47 billion, according to a report in the New York Daily News . The bigger deficit raises the possibility that the MTA will raise fares more than the 7.5 percent already approved to take effect this summer. The...

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