TRANSIT AGENCY SEES NEW LOSSES; 20C FARE IN DOUBT; $12-Million Deficit Is Listed in 1966-1967 Budget Spending to Set Record 20C FARE IN DOUBT AS LOSS IS FEARED
New fare rise held possible as NYCTA announces record $368,258,640 operating budget, fiscal '67; previously expected $84,240,640 deficit seen cut to $12,840,000 as result of fare rise from 15¢ to 20¢; 1.75-billion riders used subways and buses, fiscal '66, down 80-million from fiscal '65; 60-million of loss sustained during Jan strike