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by notmtaemployee
3131 days ago
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The subway used to be controlled by the city which lead to politicians keeping the fairs intentionally low to gain popular support. In 1968 the city could no longer afford fund the subway and it was transferred to newly created Metropolitan Commuter Transportation Authority, which was renamed to today's Metropolitan Transportation Authority. The city retaking control of subway raises the question of who will pay for the operation and capital costs. The MTA derives allot of its funding from tolls through the Triborough Bridge and Tunnel Authority which generated $1.8 Billion in 2016. It's unlikely the state will give TBTA back as well. |
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