Here's a bold pricing strategy: cut service levels and staffing while increasing cost of use by 24-27%. This way, the few of us in this city who still have jobs will have less to spend on caviar enemas and champagne baths.
The board of the Metropolitan Transportation Authority voted Wednesday morning to enact a series of fare hikes and service cutbacks needed to keep the transit system from going broke.Quick question: Just how illegal would it be of me to buy a bunch of Monthly Metro Cards (currently selling for $81) on May 30 and start selling them off on May 31 when the rate jumps to $103?
The vote was broken largely into three parts: fare hikes, toll increases and service cutbacks. After hearing from the public and the board members, the board approved each by a vote of 12 to 1.
More of a breakdown over at Gothamist.
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