New funding sources for New York’s Metropolitan Transportation Authority will need to be identified for the authority to avoid unplanned fare and toll hikes, according to a report released on Thursday by State Comptroller Thomas DiNapoli.
In addition to needed funding, the report highlights the “deteriorated” performance of the nation’s largest mass transit agency, citing the Long Island Rail Road’s on-time operation is on track for its worst performance in 17 years.
In response, Joseph Lhota, chairman of the MTA, said in a statement that the MTA rejects “the idea of any unplanned fare increases.”
Read the complete article at http://www.reuters.com/article/us-usa-new-york-mta/new-york-transit-fares-to-rise-without-new-funding-sources-comptroller-idUSKBN1D934V
