4 ms·

Yet they are slated to raise the prices again next year. It's already $2.75 for a regular swipe. FeelsBadMan.

by virtuexru 10y ago

Tokkemon 10y ago
At less than the rate of inflation.
noer 10y ago
And yet the farebox recovery ratio is only 51%.
- Symbiote 10y ago
  The alternative -- paying for more roads, somehow -- is probably much more expensive.
slowandlow 10y ago
MTA runs on a deficit so yeah like any business they need to raise prices. Sadly :(
- klodolph 10y ago
  No, there are many solutions to the deficit. Raising fares, more advertising revenue, more funding from tax revenue, lower level of services, etc.
- notmtaemployee 10y ago
  The MTA actually doesn't run a deficit, both their operational and capital budgets are fully funded. The MTA overall is pretty fiscally responsible (im sure you can always find more waste to cut, but that's true of any organization) but is sadly overly reliant on debt to fund its capital program because the city, state and federal no longer really fund transit. This has lead to to about 15-20% of its operational budget to be dedicated to debt service, ie. money not being used for actual transit operation. Furthermore each year the money from the various emergency and rainy day funds in the operational budge that are not spent, are used to make additional contributions (above what is already budgeted each year) to the various befit and pensions obligations. Unfortunately this good fiscal responsibility also means that the governor can screw the MTA out 65 million $ and get away with it because they can manage the loss. http://nyc.streetsblog.org/2017/03/14/state-assembly-wants-to-restore-cuomos-65-million-mta-cut/ http://nyc.streetsblog.org/2017/03/14/state-assembly-wants-t...
codq 10y ago
As someone who recently moved to NYC from the SF Bay Area, it's a pleasure to swipe for a ride, even at $3. That's a static fee to go anywhere. In the Bay Area, your BART ticket fee is dependent on where you want to go--at it's most extreme, can be up to $20/ride. $2.75-$3 to get anywhere in NYC is an absolute bargain.
- dionidium 10y ago
  Up to 155 miles on one fare, if you have 14 hours, don't mind 54 transfers, and, one supposes, really don't like yourself http://www.citylab.com/navigator/2015/09/a-man-rode-the-longest-nyc-subway-ride-so-you-dont-have-to/403924/ http://www.citylab.com/navigator/2015/09/a-man-rode-the-long...
  - ars 10y ago
    He's going to have to do it again. The SUBWAYTRON5000 found an even longer ride.
- e_hup 10y ago
  The maximum one-way fare on BART is ~$15 and that's if you're going between OAK and SFO (which I imagine is very uncommon). Non-airport rides max out at under $8
dionidium 10y ago
The new rates took effect on March 19, actually. The single-ride fare remains $2.75, but the monthly and weekly fares increased, while MetroCard fare bonuses were decreased. https://www.nytimes.com/2017/01/25/nyregion/mta-subway-bus-toll-metrocard-fare-increase.html https://www.nytimes.com/2017/01/25/nyregion/mta-subway-bus-t...
davidf18 10y ago
Less than $120 / month (or about $30 per week) unlimited subway/bus pass is really quite a bargain. Perhaps the best bargain in NYC.
nemo44x 10y ago
It's still a bargain. Especially if you're out there a ways. A single price for everyone is especially nice when you consider many systems charge you based on distance. So people in "less desirable" or central locations (who often have less money) have to pay more. Considering you don't have to own a car if you live in NYC, $130/month is a real bargain and about the only thing in this city that is affordable.

Yet they are slated to raise the prices again next year. It's already $2.75 for a regular swipe. FeelsBadMan.

Tokkemon 10y ago

At less than the rate of inflation.

noer 10y ago

And yet the farebox recovery ratio is only 51%.

Symbiote 10y ago
The alternative -- paying for more roads, somehow -- is probably much more expensive.

slowandlow 10y ago

MTA runs on a deficit so yeah like any business they need to raise prices. Sadly :(

klodolph 10y ago
No, there are many solutions to the deficit. Raising fares, more advertising revenue, more funding from tax revenue, lower level of services, etc.
notmtaemployee 10y ago
The MTA actually doesn't run a deficit, both their operational and capital budgets are fully funded. The MTA overall is pretty fiscally responsible (im sure you can always find more waste to cut, but that's true of any organization) but is sadly overly reliant on debt to fund its capital program because the city, state and federal no longer really fund transit. This has lead to to about 15-20% of its operational budget to be dedicated to debt service, ie. money not being used for actual transit operation. Furthermore each year the money from the various emergency and rainy day funds in the operational budge that are not spent, are used to make additional contributions (above what is already budgeted each year) to the various befit and pensions obligations. Unfortunately this good fiscal responsibility also means that the governor can screw the MTA out 65 million $ and get away with it because they can manage the loss. http://nyc.streetsblog.org/2017/03/14/state-assembly-wants-to-restore-cuomos-65-million-mta-cut/ http://nyc.streetsblog.org/2017/03/14/state-assembly-wants-t...

codq 10y ago

As someone who recently moved to NYC from the SF Bay Area, it's a pleasure to swipe for a ride, even at $3. That's a static fee to go anywhere. In the Bay Area, your BART ticket fee is dependent on where you want to go--at it's most extreme, can be up to $20/ride. $2.75-$3 to get anywhere in NYC is an absolute bargain.

dionidium 10y ago
Up to 155 miles on one fare, if you have 14 hours, don't mind 54 transfers, and, one supposes, really don't like yourself http://www.citylab.com/navigator/2015/09/a-man-rode-the-longest-nyc-subway-ride-so-you-dont-have-to/403924/ http://www.citylab.com/navigator/2015/09/a-man-rode-the-long...
- ars 10y ago
  He's going to have to do it again. The SUBWAYTRON5000 found an even longer ride.
e_hup 10y ago
The maximum one-way fare on BART is ~$15 and that's if you're going between OAK and SFO (which I imagine is very uncommon). Non-airport rides max out at under $8

dionidium 10y ago

The new rates took effect on March 19, actually. The single-ride fare remains $2.75, but the monthly and weekly fares increased, while MetroCard fare bonuses were decreased. https://www.nytimes.com/2017/01/25/nyregion/mta-subway-bus-toll-metrocard-fare-increase.html https://www.nytimes.com/2017/01/25/nyregion/mta-subway-bus-t...

davidf18 10y ago

Less than $120 / month (or about $30 per week) unlimited subway/bus pass is really quite a bargain. Perhaps the best bargain in NYC.

nemo44x 10y ago

It's still a bargain. Especially if you're out there a ways. A single price for everyone is especially nice when you consider many systems charge you based on distance. So people in "less desirable" or central locations (who often have less money) have to pay more. Considering you don't have to own a car if you live in NYC, $130/month is a real bargain and about the only thing in this city that is affordable.