Board at the time appears to be 5 members (pre-MTA).Legislature prohibits NYCTA running an operational deficit.JFare increases from 10 cents to 15 cents Source: "Report for the three and one-half years ending June 30, 1949.," The City of New York Board of Transportation, 82, 1949.Source: "TRANSIT REVENUES UP 56.77% IN JULY," The New York Times, August 14, 1948.Source: "THE FIVE-CENT FARE," The New York Times, January 13, 1942.Source: Paul Crowell, "City Gains $37,520,822 in 6 Months Under New Fares, but Fewer Ride," The New York Times, February 17, 1949.On 12 cent fare with transfer to rapid transit, surface lines only collecting share of 5 cents.2-cent transfer charge for Brooklyn surface lines eliminated.All surface fare zones eliminated in Staten Island, Brooklyn, and Queens.Surface lines (bus and street car) fare increased from 5 to 7 cents, but only saw 18.96% rise in revenue.But also the institution of 16 free transfers between divisions.Partly due to the 12 cent transit fares with transfer sold above.In first 28 days of 10 cent fare (a 100% increase), rapid transit revenues only rose 69.77%.And increase city's borrowing power, as the transit system would be operationally self-supporting ("making the transit debt self-liquidating"), which would allow for new subway construction.Would cover $30mil current operational deficit.They proposed fare of 7.5 cents (2 for 15) to produce $45mil.Committee of Fifteen contained business, real estate, and industrial representatives.City was providing $30mil annual subsidy to keep 5-cent fare using real estate taxes."Some of the cars in use are nearly forty years old".No longer relevant since city now owned system.Historically, transit was not required to be self-supporting because a fare increase would benefit private owners of "traction securities".14 deoderizing and germ-killing lamps were installed in IRT stations at Times Square and Grand Central.Board of Transportation added 1272 staff, 940 which "were permanent under civil service".Less than the actual fare of 10 cents because a combined subway and surface line fare was 12 cents.But 12% drop in ridership (25.5mil less).$37.5mil increase in fare revenue during last 6 months of 1948.Katz, "The New York Rapid Transit Decision of 1900," Historic American Engineering Record, pp2-144, 1979. "And would the uniform five-cent fare, stipulated by the Rapid Transit Acts of 18, be enough to cover these contingencies?".The first measure will include a 20% discount on 20 peak one-way fares when purchased online through MTA eTix or at a ticket window. In addition, the MTA will introduce three fare changes for the Long Island Rail Road and Metro-North Railroad on February 25 to provide customers with more affordable ticketing options. So in some cases, the monthly MetroCard cost is a better deal than OMNY’s weekly fare-capping. The monthly MetroCard cost is $127, so by buying a monthly MetroCard you would save $38 per month, or $9.50 per week. With OMNY’s new fare-capping program, you would save $8.25 per week.īut how does the fare-capping program compare to the cost of a monthly unlimited MetroCard? If you were to take three rides per day twenty days per month on a pay-per-ride basis, it would cost you $165. Let’s say you take three trips per day five days a week, which would cost $41.25. With a weekly MetroCard - or OMNY’s new fare-capping pilot program - the more you use the subway, the more you save. Take two more trips on the subway and you’re up to $33, the weekly MetroCard cost. If you commute five days per week, that brings you to 10 trips per week for a cost of $27.50 per week. So how does the savings provided by fare-capping on OMNY compare to the weekly or monthly MetroCard cost?Let’s say you commute to work everyday, which requires two subway trips per day, a value of $5.50. Transit affordability is also an equity issue, and we are committed to providing a wide range of new discounts while ensuring the MTA maintains a solid bottom line.” We’ve made it a priority to get creative on fares. But how does it compare to the weekly or monthly MetroCard cost?Īccording to MTA Chair and CEO Janno Lieber: “Bringing riders back to mass transit depends on three variables – reliability, safety, and prices. Louis and London, fare-capping limits the total amount of fares individuals can be charged within a given timeframe, providing all rides after a designated number free of charge. This will provide automatic free unlimited rides after 12 OMNY taps, Monday through Sunday, without the need to pre-pay for the week, effectively eliminating the need for frequent riders to buy a weekly MetroCard. Beginning February 28, the Metropolitan Transportation Authority (MTA) will debut a new promotional fare-capping pilot program for riders who use OMNY instead of a MetroCard.
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