A
controversial 25-cent fare increase proposed for Apr. 1 was delayed for at
least 90 days pending an independent audit of the Regional Transit Authority.
The agency said it needed the fare hike to prevent service cutbacks and to
help provide the local share for construction of the proposed Canal streetcar
line. But stiff opposition from the city council, combined with a $50 million
debt, convinced the RTA board to hire a major accounting firm to analyze its
financial situation. The bean counters will be asked to recommend a five-year
program to reduce the debt and clear the way for council approval of the
higher fare beginning July 4. The future of the Canal Street line could well
be in the balance since, without the local match, there would be no federal
funding.
