Bad news for commuters.
The Metropolitan Transportation Authority (MTA) announced Monday it is mulling over four possible fare hike for subway, New York City buses and the Bee-Line, one of which will likely be implemented in March of 2013.
The uptick is due to a required $450 million in annual revenue, MTA officials said.
The options
- 1) Single-ride fare would jump from $2.25 to $2.50, 30-day fare would jump from $104 to $112, and week-long fare would jump from $29 to $30.
- 2) Single-ride fare would jump from $2.25 to $2.50, but the bonus riders receive when purchasing a $10 refill would be eliminated. The 30-day fare would jump from $104 to $109; the week-long fare would remain the same price.
- 3) Single-ride fare would remain at $2.25, but bonus change would see a five-percent dip. The 30-day fare would jump from $104 to $125, and the week-long would jump $29 to $34.
- 4) Single-ride fare would remain at $2.25, but bonus change would be eliminated. 30-day fare would jump from $104 to $119, and the week-long fare would jump from $29 to $32.
Public hearings on the proposed changes are slated for next month; for more information on the likely prices increases, click here.
