It’s official. With no bailout from Albany, the MTA’s board has approved the “doomsday” budget that would hike fares by about 25 percent—the base subway fare would be $2.50—and impose major service cuts.
Still, the drama continues, as this was not actually the drop-dead deadline for avoiding the fare hike. As many MTA board members noted, the board can take back the action should Albany agree on a new funding package. The fare hikes are slated to go into effect in June, while the service cuts would start earlier.
Fingers were pointed clearly at the Capitol.
“This is an extremely difficult day for everyone,” Lee Sander, the MTA’s executive director said in his prepared remarks before the board vote.
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