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On the other hand, in London (as Arxis noted), you'd pay close to $5 for the equivalent of a ride from, say, Park Slope to Midtown, and as much as $15 for the equivalent of a ride from, say, Coney Island to Wakefield.
Its London though, and a lot of that has to do with expensive pounds. The items in London that are in NYC for McDonalds' dollar menu cost $2 there.
I remember before the 2008 crisis and the collapse of the pound/dollar rates, some of the McDonalds dollar menu stuff cost $3 in London.
The MTA's funding scheme is always tenuous, and less than half their expense are covered by fares. If any of the other funding sources dry up, you could see big fare increases.
The MTA's funding scheme is always tenuous, and less than half their expense are covered by fares. If any of the other funding sources dry up, you could see big fare increases.
Then MTA should dramatically lower their expenses.
As someone who has to pay $6 each way for an express bus, when back in 2004, I was paying $3 each way, I think it's insane what we have to shell out just to get to/from work.
I long for the day I can just get in my car and drive to work. Praying it's soon.
The MTA's funding scheme is always tenuous, and less than half their expense are covered by fares. If any of the other funding sources dry up, you could see big fare increases.
There are no other funding sources other than borrowing. Despite popular opinion, the MTA is a STATE agency, not CITY agency. The head of the MTA is nominated by the governor and the budget comes from the state. Cuomo is not a fun of it or other public transportation and tries to cut its budget every time. MTA exists by borrowing, and now is something like $19 billion dollars in debt. The only solution here is to transfer MTA from upstate to the city government... but good luck with that.
The reason it went to the state was, IIRC, that the city couldn't afford it.
Quote:
Originally Posted by Gantz
There are no other funding sources other than borrowing. Despite popular opinion, the MTA is a STATE agency, not CITY agency. The head of the MTA is nominated by the governor and the budget comes from the state. Cuomo is not a fun of it or other public transportation and tries to cut its budget every time. MTA exists by borrowing, and now is something like $19 billion dollars in debt. The only solution here is to transfer MTA from upstate to the city government... but good luck with that.
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