Rather than raising the fare, the MTA could solve all its financial woes by lowering it.
'FARE CUT' IS WAY TO $$ TRAIN
If the bus and subway fare was cut from $2 to $1.50, and the weekly and monthly discounts were eliminated, the MTA would actually see a $323 million, or 16 percent, boost in revenue - more money than it needs, say advocates of the plan. And as a result, nearly three-quarters of all riders would pay less than they do now.
Mayor Bloomberg not convinced MTA fare hike needed
Bloomberg Thursday said he's not convinced the Metropolitan Transportation Authority's proposed increases are warranted.
He said the top priority should be how to expand the mass transit network of subways, buses and commuter train lines that will be needed because of a projected population boom.