This, the first of our regional blogs, is authored by the technology and financial journalist Dominic Basulto. Dominic is a New York native, has been a senior editor at Corante since day one and has written for a number of online and offline media companies. Send tips or story ideas to: basulto@gmail.com.
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Here we'll report daily on the latest tech and business developments in New York City. Impossible we concede: comprehensive coverage of the city's every story. What we hope you'll find: tips, tidbits and perspectives you won't find elsewhere. As well as unique insights, original interviews and more that should be of interest to New York's vibrant community of technologists and those who track, invest in and report on them.
Would lower subway fares help New Yorkers cut back on gasoline consumption?
Posted by Dominic Basulto
According to the New York Daily News, New York State Senator Frank Padavan has launched a new Web site ("Get Back to the Train") that includes a petition for New York subway riders to call on the MTA to roll back recent fare hikes. The logic behind the petition is simple - the MTA should do its part to help commuters cut back on gas consumption, and lower fares could be just the ticket to help motorists kick the car habit:
"Restoring transit fares to their 2004 levels would save transit riders $38 million - an average savings of about 7% off the cost of a monthly commuter rail ticket - and encourage them to leave their cars at home... An immediate fare cut would save money, encourage the use of alternate transportation and lend to a better, cleaner, more cost-efficient New York."
The cash-strapped MTA, as might be expected, responded by stating that there was no way that it would consider a fare rollback. That's the unfortunate thing about "temporary" fare increases to balance a budget shortfall -- they are rarely, if ever, rolled back to previous levels.
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