Transit officials are projecting a $2.8 billion budget deficit by next year.
"It's a hole too big to fill on our own," New York City Transit President Rich Davey testified in a city council budget hearing Thursday. People enter a subway car at Times Square October 26, 2004 in New York City.
"The unarmed guard program that we have, has, we believe, led to an additional 2.5 million paying fares, so almost $5 million," Davey said. "If you look at the bottom line, it's actually been a revenue raiser for us."While they are still looking at increasing fares by 5.5%, New York Gov. Kathy Hochul is also proposing a new revenue stream.
That last part Mayor Eric Adams is pushing back against, but advocates said this new funding could increase service so trains run at least every 6 minutes. Congestion pricing, which would charge drivers entering Manhattan below 60th Street around $23, was supposed to help fund the MTA.
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