IBO: Transit riders reusing old MetroCards may cost MTA millions
‘Change jar’ may not be as full in the future
The Independent Budget Office says that MTA New York City Transit has had an invisible “change jar” full of nickels, dimes and quarters left unused on lost and expired MetroCards. But that change jar may not be nearly as full in the future.
Last year, the account held more than $95 million—an unusually large amount that resulted from transit riders stocking up on MetroCards prior to the December 2010 fare increase, according to IBO.
In March, however, New York City Transit started charging riders $1 every time they bought a new card. So mass transit riders have been refilling their cards rather than throwing them in a drawer or dropping them on the floor of the subway station.