Commuters who use New York City’s subways, buses and commuter trains will be digging deeper in their pockets. The Metropolitan Transportation Authority board approved fare increases today for commuters across the region.It’s an attempt by the nation’s largest transit agency to close an $800 million budget gap.
A fare increase of almost 17 percent is slated for the monthly unlimited Metrocards, adding $15 to the current price of $89. Other fare classes will increase, although not as much. The $2.25 one-way subway and bus fare will stay the same except for single-ride tickets, which will rise to $2.50.
Those increases follow hikes in 2008 and 2009. And another is planned for 2013.
Bridge and tunnel toll hikes will be voted on later.
(CBS Radio Inc.)