NEW YORK (CBSNewYork/AP) — More fare hikes will be coming for New York City bus and subway riders.
Metropolitan Transit Authority officials said Wednesday that MetroCard prices are expected to rise in 2015 and again in 2017. How much the bus and subway fares will go up was not revealed Wednesday.
The MTA board will determine the fare hike after public hearings.
MTA Chief Financial Officer Robert Foran said in a presentation to the MTA’s board that future fare and toll increases will depend on the authority’s finances at the time. He said the authority had to cover health care, pension and other costs.
Bus and subway fares jumped in March to $2.50 from $2.25.
In addition, a 30-day unlimited MetroCard rose $8 to $112. A seven-day MetroCard went up a dollar from $29 to $30. A $1 surcharge was also instituted for those who buy a new MetroCard, rather than refilling an old one.
Check Out These Other Stories From CBSNewYork.com:
- Cleanup Begins As Probe Continues Into Deadly Tribeca Crane Collapse
- Celebrate Lunar New Year With This Tasty Dish
- Pets Get Royal Treatment At Super Pet Expo In Edison
- Ailey Extension’s Celebrate Brazil Workshop Will Get You Moving
(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)