MTA Plans Fare Hikes for NYC Subway, Bus, and LIRR Before Labor Day
The Metropolitan Transportation Authority plans to increase the cost of swiping or tapping into the New York City subway and buses by 15 cents, hiking the price of a ride from $2.75 to $2.90 by Labor Day. The proposed package of 3 to 5 percent increases in transit fares and railroad ticket prices, plus a 6 to 7 percent hike in bridge and tunnel tolls, will raise approximately $300 million annually for the agency. The MTA plans to hold public hearings over the proposal in June and a vote on the final proposal is slated for July.