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:
- Search On For Suspect In Fatal Shooting Of Brooklyn Teen
- Police: Homeless Man Attacks 3 Women At Columbus Circle Station
- Long Island Community Wants Their Long-Shuttered Pool Reopened
- Woman Convicted Of Killing Infant Daughter In 1985 Granted Parole On 7th Try
(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 This material may not be published, broadcast, rewritten, or redistributed.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.)