- The Washington Times - Monday, March 23, 2009

NEW YORK (AP) - New York City transit officials are poised to make drastic service cuts and raise the cost of a subway ride a whopping 25 percent, but they’re hoping state lawmakers will come to the rescue.

On Monday the Metropolitan Transportation Authority’s finance committee voted in favor of a plan that would raise the cost of a subway ride from $2 to $2.50 and would make other big increases in commuter train fares and bridge and tunnel tolls. The full MTA board is to vote on the increases Wednesday.

State lawmakers in Albany are trying to reach a compromise on a bailout plan that would combine smaller fare increases with a payroll tax on New York City-area businesses and tolls on currently free bridges over the East and Harlem rivers.

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