New York’s Metropolitan Transportation Authority on Monday introduced four options for transit fare and bridge toll increases to take effect in March. Commuter rail and express bus fares would also face hikes.
Chairman Joseph Lhota said he expects a $450 million revenue boost in 2013 and $500 million in 2015 from the increases. He warned, however, of a still-pressing financial squeeze. “Our budget is fragile. It is still fragile,” Lhota said.