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> Price increases are to be capped at 2 percent per year, and state officials will periodically review whether minimum required speeds should be raised. 2% is
by bobthepanda 2y ago
> Price increases are to be capped at 2 percent per year, and state officials will periodically review whether minimum required speeds should be raised.
2% is below current inflation rates, so this could potentially go haywire super easily.
New York has been here before; the subway was fixed to a nickel for four decades, which ended up bankrupting the private subway companies and set the stage for the underfunded, deferred maintenance of future decades, which New York is still working through the backlog for nearly a hundred years later.