Life in New York City has just gotten a little more expensive, as the MTA board has voted to increase fares on subways, buses and commuter trains for the third time in two years, all while cutting bus routes, train service and laying off thousands of employees.

From the NY Daily News:

The 30-day unlimited-ride MetroCard will rise from $89 to a whopping $104, while the unlimited-ride seven-day MetroCard jumpes from $27 to $29.

The MTA will no longer sell One-Day Fun passes or 14-day MetroCards, and a single ride will jump from $2.25 to $2.50. Bonuses on pay-per-ride MetroCards will plummet from 15% to 7% – and will start after riders spend $10, up from $8.

The MTA says the fare hike is occurring because, the state has held back or cut a total of around $160 million in funding intended for mass transit.

The price hikes go into effect on Dec. 30 for the millions of people who ride NYC Transit each day.

MTA approves subway, bus and commuter train fare hikes; third since 2008 [NY Daily News]

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