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.
Fare increases kicked in Sunday as part of a series of increases in recent years built into the cash-strapped MTA’s budget.
Long Island Rail Road and Metro-North Rail Road fares have gone up between eight and nine percent, depending on distance and ticket type.
The MTA board voted on the proposed increases on Wednesday. Members unanimously approved the fare hikes. Only one member voted against increasing tolls.
If approved, Long Island Rail Road riders will be hit with increases as high as 15 percent.
The MTA is considering four different fare hike proposals for the subway and bus system.
Medallion owners asked for a share of the increase, but right now it all goes to the drivers, who were earning an average of $130 for a 12-hour shift. With the new fare that will rise to $160.
The Taxi and Limousine Commission voted Thursday to approve a proposed fare increase. The vote was approved 6-2, with one abstention.
Seventeen percent — that’s how much more your next cab ride could cost you. People for and against a proposed taxi fare hike faced off Monday at the final public hearing on the issue.
If you ride the train, here’s extra incentive to make sure you remember your ticket.
Long-awaited fare hikes finally arrived on Thursday after a week of frustrating delays on buses, subways and more. Despite roads and rails still being affected by Sunday’s blizzard, the Metropolitan Transportation Authority went ahead with its scheduled increase in fares.
Starting at midnight, a new round of MTA fare hikes will go into effect.
Commuters who ride the subways are likely to suffer sticker shock when they hear the latest proposed fare hikes for MetroCards.