DailyTimeCapsule brief
December 9, 2001
On December 9, 2001, the Metropolitan Transportation Authority (M.T.A.) Chairman, H. Dale McCall, announced the possibility of a fare increase of 50 cents in 2003 to address rising deficits. This statement came in the wake of a post-September 11 economy that was still grappling with the effects of the terrorist attacks, leading to diminished ridership and increased operational costs for public transport. The potential hike in fares raised concerns among commuters and officials in New York City as the M.T.A. strived to balance its budget without compromising service quality. During this time, the nation was also facing a gradual recovery from a recession that had begun in March of the same year, with various sectors, including transportation, under scrutiny for their financial strategies amidst the economic downturn.
Key developments
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M.T.A. May Have to Raise Fares 50 Cents in 2003, McCall Says
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