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The New York Observer

M.T.A. Pitches 13.4 Percent Fare Hike

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July 23, 2008 | 4:40 p.m

The M.T.A. did not seem to notice the chorus of boos that erupted across the city from public officials and subway riders alike upon hearing news of a potential 8 percent fare hike next year, because today the agency went even further.

City Room reports that the M.T.A. will also request at its Friday board meeting an additional 5 percent increase to take effect by January 2011 — for a cumulative increase of 13.4 percent over 18 months.

The M.T.A. argues that raising fares is the only way to deal with a projected $900 million budget gap. Though dissenters at the "contentious" meeting today claimed that there's more fat to trim on the M.T.A.'s budget.

Stayed tuned for the outcome on Friday.

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