Photo: Emmanuel Dunand/AFP/Getty images/AFP/Getty Images
At a board meeting on Monday night, an MTA official advised attendees that New York’s fares could be increased by as much as 15 percent if the administration doesn’t secure funding to fill the gap in its $32 billion capital plan. “At some point, the board may take action and the action that they really only can turn to would be one that addresses fares and tolls,” MTA CFO Robert E. Foran told the board. For now, officials promise, another fare hike is only a hypothetical, but they also said train services could be cut if the budget isn’t settled soon. We eagerly await paying $5 to wait 45 minutes for a 3 train.
