$1.9 Billion Budget Surplus Can’t Save You From MTA Fare Hikes

By
Photo: Spencer Platt/2003 Getty Images

When state auditors found an unanticipated $1.9 billion surplus in the MTA's budget, Comptroller Thomas DiNapoli suggested the authority "consider reexamining the scheduled increases in fares in tolls." But the authority is not sure it can replicate that surplus, so it's not ready to take fare increases off the table, a spokesman told the New York Post: "They are revenues that we aren’t sure we are going to repeat. Some big tax collections and things like that." So for now, at least, expect those 2015 and 2017 increases to happen as scheduled.