New York City Comptroller William C. Thompson, Jr. released today the following statement on Governor Spitzer’s announcement regarding the use of surplus revenue to hold down base subway and bus fares:

“The Governor's announcement is gratifying news. He has heard the collective voice of New Yorkers that a fare increase at this time would be burdensome. His commitment to keep the base fare at $2.00 through 2010, amidst even greater budgetary challenges for the MTA, is to be commended.  All New York City straphangers appreciate the Governor’s leadership in the face of the ever-rising cost of basic necessities.  

“Early this year, my office identified a number of potential revenue sources that would not only keep down the fare, but address long-standing inequities in the distribution of transit subsidies.  Many state legislators have expressed enthusiasm over our proposals, and it is my hope that they will make use of them in the coming legislative session to prevent any fare or toll increases in the foreseeable future. New Yorkers deserve nothing less.”

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