NYC’s Metropolitan Transportation Authority voted to raise subway fares today.

From the New York Times:

The base subway and bus fare will remain $2, but an overwhelming majority of riders — who use unlimited-ride MetroCards or get a discount for buying multiple rides at once — will have to pay more, starting on March 2. The costs of unlimited-ride cards will rise to $81 from $76 for the 30-day card and to $25 from $24 for the 7-day card; a new 14-day card will be sold for $47.

The bonus for regular pay-per-ride cards will be reduced to 15 percent from 20 percent, but the threshold for receiving the bonus will also be reduced, to $7 from $10. With the bonuses in place, the average cost of a bonus ride will rise to $1.74 from $1.67. The express bus fare ($5) and the cost of a 7-day express bus pass ($41) remain unchanged.

The MTA says the fare increase is necessary because they’re facing a billion-dollar deficit.

Board Approves Subway and Bus Fare Increase [NYT]
(Photo:Maulleigh)

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