The deficit-reduction plan passed by the State Legislature yesterday cut $140 million from the authority's operating budget, which is more than the $110 million that was originally anticipated. Bus and subway fares are already expected to rise 7.5 percent in 2011 and 2013, but after a hearing today on the MTA’s capital plan, Jay Walder, the authority's chief, told reporters that he would not raise fares... at least not next year.



