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Rail News: Rail Industry Trends
Last week, the Los Angeles County Metropolitan Transportation Authority (LA MTA) adopted a new fare structure that calls for raising ticket prices in fiscal years 2008 and 2009. The fare hike will help the authority offset a projected $1.8 billion operating budget deficit during the next 10 years.
LA MTA will increase day pass prices from $3 to $5 on July 1, 2007, and to $6 on July 1, 2009. Monthly pass prices will go up from $52 to $62 on July 1, 2007, and to $75 on July 1, 2009. Regular cash fares will remain at $1.25 during the next two years, then rise to $1.50 on July 1, 2009.
5/29/2007
Rail News: Rail Industry Trends
LA MTA to hike most fares the next two years
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Last week, the Los Angeles County Metropolitan Transportation Authority (LA MTA) adopted a new fare structure that calls for raising ticket prices in fiscal years 2008 and 2009. The fare hike will help the authority offset a projected $1.8 billion operating budget deficit during the next 10 years.
LA MTA will increase day pass prices from $3 to $5 on July 1, 2007, and to $6 on July 1, 2009. Monthly pass prices will go up from $52 to $62 on July 1, 2007, and to $75 on July 1, 2009. Regular cash fares will remain at $1.25 during the next two years, then rise to $1.50 on July 1, 2009.
