First Round of MTA Fare Hikes UnderwayMar 1st, 2013 | By HV Insider | Category: Featured Articles
The first round of MTA fare and toll hikes went into effect Friday morning.
Long Island Rail Road and Metro-North Railroad fares have gone up between eight and nine percent, depending on distance and ticket type.
The MTA is hoping to raise $450 million in new revenue each year. Most of that money is earmarked for employee healthcare, pensions and other benefits.
Starting Sunday morning, subway and bus tickets will cost at least a quarter more – $2.50 with a MetroCard and $2.75 for a single ride. Express buses are going up to $6. The 30 day unlimited Metro-card is jumping $8 to $112.