The MTA’s chief financial officer said fares and tolls could jump 15 percent unless New York state lawmakers provide funding for a five-year capital plan.
NJ TRANSIT said it’s looking at fare hikes and service cuts to close a budget gap.
A legislative report says fare revenue for NJ TRANSIT will top $1 billion next year, but fare hikes could be on the rise.
Bridge and tunnel tolls will also go up by 4 percent for E-ZPass users and about 6 percent to 10 percent for cash customers.
The cost of your commute is going up. The Metropolitan Transportation Authority board voted Thursday to raise fares and tolls.
Among the proposals is raising the base fare on the MetroCard from $2.50 to $2.75 while increasing the bonus on a pay-per-ride MetroCard.
Nobody likes a fare hike when it comes to public transportation, but a straphangers’ advocate said Saturday that a hike may be fair and necessary for the Metropolitan Transportation Authority.
MTA Chairman Thomas Prendergast said issues between the agency and labor unions could result in an almost 12 percent fare hike next year, three times more than planned.
Starting on Jan. 1, passengers will face a 5 percent ticket price hike.
Due to cost-saving measures, the 2015 and 2017 fare and toll increases will amount to a 4 percent hike, instead of the original 7.5 percent.
New York City straphangers will really want to hang on as there are many twists and turns ahead.
Executive Director Jim Weinstein says the transit agency plans to keep fares from rising for the fourth straight year.
As of 2 a.m. Sunday, new MTA fare hikes are in effect on all bridges and tunnels.
Subways and buses will now cost at least a quarter more _ $2.50 with a MetroCard and $2.75 for a single ride. Express buses are going up to $6.
Mayoral Hopeful Catsimatidis Rails Against Higher Fares As MTA Toll Increases Are Set To Take Effect
In less than a week, cash tolls on the Verrazano-Narrows Bridge will hit $15.