Thirteen years. That’s how long New Orleanians have been paying $1.25 fares for one-way trips on streetcars and buses. In an era characterized by major increases in city fees and taxes, transit fares have remained relatively low.
Now, it appears that $1.25 fares may not be quite enough. Veolia Transportation Services Inc., the French corporation contracted to manage services for the Regional Transit Association (RTA), revealed this past Tuesday that there will not be enough money left in reserves to fund services by 2015 unless a fare increase is enacted.