The MTA board approved fare hike proposals for Metro-North trains and MTA tolls on Wednesday, while keeping the base fare flat for subways and buses for two years.
But many Metro-North Railroad riders, depending on their local station, will also pay up to 3.75 percent more for weekly and monthly passes, among some other increases that will take effect in March. Single-ride peak fares will increase about 50 cents per trip at many stations.
The fares and tolls will be increased by 4 percent over the next two years - less than 2 percent annually and less than the rate of inflation. According to the MTA, they were able to “hold the necessary increases below inflation as a result of the agency’s continued discipline in keeping costs down.
The base fare for subways and buses will remain at $2.75, keeping the pay-per-ride bonus, lowering the effective fare with the bonus to $2.62. The 7-day unlimited ride MetroCard will increase by a dollar to $32 and the 30-day MetroCard will increase from $116.50 to $121. The single ride ticket remains at $3, while the cash fare for the Express Buses will hold steady at $6.50.
The majority of Metro-North rail customers will see the increase on monthly tickets capped at $15. On the bridges, tolls will rise less than 25 cents for cars using an E-ZPass. A complete breakdown of fare and toll increases can be seen here.
The fare and toll increases will be put into effect on March 19.
MTA Chairman and CEO Thomas F. Prendergast said that it’s important for his organization to keep fares as low as possible while maintaining optimal service for riders.
“The MTA is focused on keeping our fares affordable for low-income riders and frequent riders, and on how we can keep necessary scheduled increases as small and as predictable as possible,” he said in a statement. “Keeping fares and tolls down was possible because of the continued operational efficiencies and ways we have reduced costs while adding service and capacity along our busiest corridors, most recently with the opening of the new Second Avenue subway.”
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