NEW YORK, NY July 22, 2008 —The Metropolitan Transportation Authority's proposed 8 percent fare and toll hike has everyone talking and it hasn't even been officially unveiled yet. The 2009 budget proposal will be formally released tomorrow, but some of the details are already in the news. The agency says rising fuel costs and slumping real estate tax revenues have stretched a $900 million hole in its budget. WNYC's Matthew Schuerman summarizes the reaction for All Things Considered’s Amy Eddings.

A fare hike history