Assessing the Financial Burden of Being an M.T.A Rider (NY Times)

December 13, 2012 – With mass-transit fares about to go up — yet again, most New Yorkers would add wearily — this is a good time to pry a statistic out of the recesses of wonkdom where it usually huddles. It is called the farebox operating ratio, an unlovely phrase for calculating what riders pay out of their own pockets to keep a transit system going. If that ratio is high, then government support for rail and bus systems is relatively low. With the Metropolitan Transportation Authority, you may not be surprised to hear, the figure is appreciably higher than that for other big American cities.

Link to Full Article: http://cityroom.blogs.nytimes.com/2012/12/13/assessing-the-financial-burden-of-being-an-m-t-a-rider/

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