Saturday, July 28, 2012
When government and its agencies are running deficits they will pull out all the tricks to get their hands on your money. Today’s example comes from New York’s Metropolitan Transportation Authority.
The Metropolitan Transportation Authority is considering adding on a ‘green fee’ on each new MetroCard to encourage riders to recycle their cards.
The proposal for the $1 surcharge was contained in the agency’s preliminary budget for next year.
The aim is to reduce the number of cards that are printed and discarded.
The surcharge would produce about $18 million a year for the MTA.
The agency prints and encodes an average of 160 million MetroCards a year at a cost of about $9.5 million. Printing fewer cards will save the MTA about $2 million.
This isn’t the first time the cash-strapped MTA has proposed this fee. In 2010, the mass transit agency considered a $1 surcharge on new MetroCards to help close an $800 million budget shortfall.