August 18, 2014
Why Another Fare Hike Is Inevitable
I hate to be the bearer of bad news, but chances are we will see another fare hike on Metro-North in the coming months.
Not that any elected official would endorse such a plan (at least not before the November elections), but once again Connecticut is not totally in control of its financial destiny when it comes to our trains.
True, fare increases in Connecticut must be initiated by the state regardless of what NY does to its riders, but the financial numbers speak for themselves.
We are tied to NY’s operations by an antiquated contract going back 30 years. The cost of running “our” trains is born by both CT and NY, and those costs are soaring from $70 million a year to $110 million thanks to remedial track work and expected contract settlements (with four years of retroactive pay hikes).
How will Connecticut make up this $40 million deficit? There are only three choices: raise fares, cut service or find that money elsewhere. The latter two choices are either undesirable or impossible, leaving the prospect (necessity?) of fare increases.
After a year of slower, unreliable and often-disrupted service, it’s hard to explain to commuters they should be paying more… especially in an election year. So when the rumored necessity of a fare hike was floated last week, Governor Malloy expressed outrage and bewilderment.
But our governor and his Dept of Transportation knew darn well this was coming. They’re the ones who pushed Metro-North for badly needed track work after derailments and deaths. Who did they think would pay for that? And one wonders… does CDOT ever audit Metro-North’s ever-increasing budgets and bills to our state?
Fares in Connecticut are already the highest in the US because our subsidy of those fares is the lowest. Upstate lawmakers who dominate our legislature loathe the idea of subsidizing fat-cat investment bankers’ trips to their high-paying jobs in New York City. But they have no trouble taxing their incomes, do they?
Fairfield County residents represent 26% of our state’s population but pay 40% of its taxes. Legislators made us subsidize Adriaen’s Landing ($770 million) in Hartford and the UConn football stadium ($90+ million), neither of which we are ever likely to use. So why can’t they keep residing in Fairfield County affordable by keeping Metro-North safe, on-time and affordable.
Since 2012 we’ve already had 12% fare hikes, thanks in part to Governor Malloy using rail fares to balance his budget (a move I called that more of a tax on commuters than anything else.)
The good news is that a fare increase in Connecticut requires 90 days notice and public hearings. And with the November elections just weeks away, no right minded politician will pull that trigger.
Mind you, it was now-GOP nominee Tom Foley who recently told reporters he thought we in Connecticut spend too much subsidizing mass transit, so who knows? It should be an interesting campaign season and my hope is that Metro-North will be a much debated topic.