MTA Wants to Hike Subway Fares Yet Again

Categories: Announcements

Photo Credit: joiseyshowaa via Compfight cc
Get ready for your fare card to eat up even more of you budget. The MTA has announced that it needs to raise fare prices twice in the next four years, even though the city just hiked the base fare last March.

The New York Daily News reported yesterday that MTA financial officers announced that fare prices will need to go up once in 2015 and then again in 2017 to offset the rising costs of pensions and debt payments for employees. There are also a few "mega" projects planned over the next several years, like the 7 train extension, that will add to the tab.

What will the exact fare hikes be? The proposals call for a 7.5 percent increase in both 2015 and 2017, meaning that your monthly fare card could cost up to $129 four years from now, assuming MTA applies the hikes evenly across its entire system.

It's lousy news, but the fact is that subway systems across the country regularly outpace inflation and wage rises. In Washington, D.C., it can cost as much as $6.75 to travel from one end of the system to the other, one way.

And of cities with a flat-rate fare system, New York's is already among the most expensive. (The Los Angeles Metro charges just $1.50 for a fare card; Chicago tops out at $2.25.)

(h/t: New York Daily News)

Send your story tips to the author, Raillan Brooks.

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Bernalda Fritton
Bernalda Fritton

I'm tired of people bitching about what the subway costs! You could not park, maintain and put gas in a vehicle for the cost of an unlimited fare card. What should piss you off more is the fact that they continue to blame the employees for the rate hikes. Meanwhile, most of their employees have not had any raises for over 7 years. This is how your fine mayor has been about to balance the budget, on the back of city workers.

Terry Ward
Terry Ward

new policy: how much? wha'd'ya got?

Felix Colon
Felix Colon

The MTA remains a premier provider of shelter for our homeless citizens!

Matthew Pop
Matthew Pop

fares go up. service continues to get worse. where is our money going?

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