The latest MTA fare hikes are a near certainty after last night’s public hearings, according to New York Daily News.
“I don’t think that’s really the choice we have right now. We’re dealing with a financial situation that I believe is going to require a fare increase,” MTA chairman Jay Walder said.
The third increase since 2008 will include:
- One way fares from $2.25 to $2.50
- Weekly fares from $27 to $28 (22-trip) and $29 (unlimited)
- Monthly fares from $89 to $99 (90-trip) and $104 (unlimited)
It adds up to a $180-a-year transit tax for people who use the subway regularly.
Meanwhile, the MTA is cutting service and paying 8,074 employees over $100,000 per year.
Business Insider Emails & Alerts
Site highlights each day to your inbox.