MBTA brings in record revenue despite fare hike
The Massachusetts Bay Transit Authority collected more than a half-billion dollars in fare revenue during the last fiscal year, a rep for the agency told Boston.com.
Fiscal 2013 saw $564,560,142 in fares collected. That’s almost $100 million more than the previous year, a 20 percent increase.
There was a dip in ridership by 2 percent, according to the statement. However, the dip was not as significant as the 5.5 percent drop that planners had predicted before the fare increases took place, the Globe determined.
“The results for 2013 look even better, if you consider that fiscal 2012 included an extra ‘leap’ day,” the statement said.
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