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MTA has to double check its math

TimesLedger Newspapers

No wonder the Metropolitan Transportation Authority is cash-strapped. Seven percent of $2.25 is 16 cents, making the fare $2.09 — not $1.63, as said by Chairman Joseph Lhota.

With such a lack of basic math skills, what other miscalculations are related to the deficit? Remember that the MTA has use of the money on a multiple fare card until the rides are taken, and fewer cards need to be produced and distributed.

The discount helps both sides. Let’s keep it.

Ronnie Sussman

Flushing

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Alexander Dimitriyadi from Bayside says:
Ronnie,

"The MTA says the pay-per-ride discount currently drives down the cost of a subway or bus ride to $2.10 from $2.25 for the occasional rider. Overall, the MTA currently receives an average of $1.63 per rider because of the discounts to the $2.25 stated fare, including unlimited ride cards."
- http://online.wsj.com/article/SB10000872396390443884104577648082705522836.html
Oct. 9, 2012, 8:48 pm

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