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| Re: MTA Fare Increase Hearings (1561855) | |||
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Re: MTA Fare Increase Hearings |
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Posted by Dyre Dan on Sun Nov 22 05:48:50 2020, in response to MTA Fare Increase Hearings, posted by Stephen Bauman on Sat Nov 21 11:45:36 2020. Trying to achieve a 4% revenue increase would mean increasing fares more than 4%, since the increase itself would be expected to cause some ridership loss (though not very much) even in normal times. Doing it while trying to lure back people who have stopped using the system doesn't sound like a great idea. A 5% increase in the $2.75 fare would still be just $2.8875, or $2.90 rounded to the next nickel. But they haven't had fare increases of less than a quarter in decades. Would they do that now? If the options are to keep the base fare at $2.75 or increase it to $3.00, I don't think increasing it to $3.00 now would be a smart move.On the other hand, if they coupled it with reinstituting a 10% bonus on Metrocard purchases, that would be an effective reduction in the fare from $2.75 to about $2.73. People might not object to that. And if the prices of 7-day and 30-day Metrocards were increased 5%... |
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