'Third fare hike' alarm
By DAVID SEIFMAN and TOM NAMAKO, NY Post
The new MTA chief yesterday wouldn't rule out another fare hike in 2010 -- which would mean a third consecutive year of increases hitting subway and bus riders.
"We don't know yet what the circumstances will be and I don't want to be in the range of conjecturing what's going to happen," said agency CEO Jay Walder.
He was responding to a Post question about whether Gov. Paterson's proposal to slash $115 million in aid to the MTA -- part of a larger plan to shore up the state's abysmal finances in 2009 -- would mean fare hikes are on the way.
"Clearly, there is a discussion taking place in Albany about what they need to do in terms of the deficit-reduction plan that will take place. And we will deal with all the circumstances as they come up," Walder said.
Earlier this year, riders and taxpayers tossed the MTA a $2.3 billion lifeline to prevent fares from rising 23 percent.