October 22, 2014 Rhett Jones

Fares for the MTA would have to increase by 15% if they are forced to borrow money to close budget gaps. According to the state controller Thomas DiNapoli, for every $1 billion the MTA borrows they would have to pay $70 million (a 1% fare-hike) in debt service. With $15 billion needed to cover the MTA’s […]

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