MTA Says Fare Hikes Are Needed to Cut Deficit
NEW YORK (AP) – The Metropolitan Transportation Authority has voted to hold hearings on proposals that would increase monthly subway and bus passes and fares on suburban trains.
It’s another blow to commuters still getting used to service cuts that eliminated some subway and bus routes last month.
The agency presented the proposals at a board meeting Wednesday. The $2.25 subway fare would be unchanged.
The public hearings will be held in September. The board will vote on the changes in October. They would take effect in January.
The proposals are part of an effort by the Metropolitan Transportation Authority to close an $800 million budget shortage this year.