MTA Says Everything on the Table, Including Bigger Fare Hikes, as Budget Gap Looms

MTA subway map 2
NBC New York

The MTA is considering all options, including bigger-than-planned fare increases, to make up a looming deficit, the agency's chairman said Wednesday.

The agency's chief financial officer, at a board meeting earlier in the day, raised the prospect of a fare hike greater than the 4 percent increase already planned or next March.

Chairman Pat Foye, in response, said "everything is on the table." It was notable given Foye's past statements ruling out a larger increase.

The agency's revenue plummeted during the worst of the COVID-19 pandemic, with ridership down more than 90 percent for months. Federal bailout money is close to running out, and the MTA says it needs billions of dollars more to get by.

Contact Us