MTA’s fares are likely to increase yet again.
According to reports, the plan for this increase comes after it has been recorded that the company saw 4 million riders since the pandemic. The new plans include raising the single-fare rides to $2.90 from $2.75 and the monthly fares from $127 to $132.
By 2025, it is possible that commuters will be paying $3 fares. The MTA states that the increase is “reasonable” and that it is the first increase in four years. Andrew Albert, MTA Board Member, spoke about the new fare hikes and said, “That’s good news. It will not be as high as it could have been.”
There are also talks about increasing tolls as well. There is a split option on the table that would raise to 6% for E-Z Pass holders and 10% for that mail-at-home credit card holders.
A few public feedback meetings will be held in June for customers to voice their concerns to the MTA Board about the fare hikes. The dates for these meetings will be released soon. Once the proposal for the fare hike is approved, it will into effect by Labor Day.
What are your thoughts on this?