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The MTA Has Made $10 Million Off The $1 MetroCard Fee
By
Christopher Robbins
Published Aug 1, 2013
Modified Aug 1, 2013
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By
Christopher Robbins
Published Aug 1, 2013
Modified Aug 1, 2013
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The MTA has made $10,841,000 off the $1 MetroCard fee since the surcharge for a new card was instituted in March.
The Daily News reports that the fee is expected to generate $24 million for the entire year, and $28 million next year; it will also save the MTA $3.8 million it costs to print 60 million MetroCards.
However, all that cash is offset by a $11 million reduction in "fare media liability," which is jargon for "money the MTA makes because you didn't use the entire value of your MetroCard."
What will the MTA do with all that cash? Countdown clocks? Platform A/C? Open up that brew pub with their college buddies? Repairs? Repairs.
Tagged
cash
green fee
metrocards
MTA
Christopher Robbins
Christopher Robbins is a New York City reporter covering transportation, affordable housing, local politics, and criminal justice. His work has also appeared in New York Magazine, The Village Voice and The New York Times. Chris is a graduate of Patrick Henry High School in Roanoke, Virginia, and enjoys biking to Fort Tilden in the summertime.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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