Since the pandemic, New Yorkers have felt in their guts that an MTA fare raise was on the way.
But between only recently celebrating the first 4 million rider day since 2020 and showing off the new futuristic turnstiles and MetroCard – I mean, OMNY machine, this update doesn’t come at much of a shock.
This past Monday, the Metropolitan Transit Authority, which we all know and love, announced a new proposition. This summer, the board announced a fare raise of 5% — bringing the subway and bus base fare from $2.75 to $2.90.
The base fare increase would be the MTA’s first since 2015, and if the proposal is approved, the new fare would go into effect this Labor Day.
The proposal would raise the cost of a weekly MetroCard by 3%, from $33 to $34, and the price of a 30-day MetroCard would go up by 4%, from $127 to $132, their first increase since 2019.
Fares for the express buses, the Long Island Rail Road, and Metro-North Railroad would also rise, as would tolls at bridges and tunnels.
According to NBC, commuters had been bracing for an even more severe increase for months thanks to ridership that has never fully recovered from the pandemic. But a state-funded bailout provided enough money that the fare and toll hike only needs to produce $300 million to balance the transit authority’s budget.
The price increase is a step toward $3 fares, which New Yorkers could see by 2025.
The authority board expects to hold public hearings on the proposal next month and to vote on it in July.