Gounardes urges MTA to not increase fares
With the MTA scheduled to hold a meeting on Monday, Jan. 21 regarding fare increases, State Senator Andrew Gounardes is urging its members to reconsider.
Due to decreased ridership during the COVID-19 pandemic, the MTA has struggled financially, even with a $4 billion federal stimulus that was agreed upon last month.
According to Bloomberg, the MTA estimates a budget deficit this year of nearly $500 million and a proposed four percent fare hike would bring in a projected $48 million of additional revenue in 2021.