MTA might have to increase fares

June 12, 2008 4:21:18 PM PDT
New York City subway, commuter train and bus fares could increase a quarter or more in 2009 because of a projected operating deficit at the Metropolitan Transportation Authority.Assemblyman Richard Brodsky of Westchester says MTA officials told him at a hearing Wednesday a shortfall of $600 million to $700 million next year will likely force a rare second straight year of fare increases.

Brodsky warns the MTA must undergo "drastic changes" to avoid deficits and poor service reminiscent of the 1970s. He says the MTA projects shortfalls for the next few years.