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New Orleans - April 1999
   

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New Orleans –  Fare Jump Delayed

Rail Transit Online, April 1999

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.

 

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