MTA proposes raising subway, bus fare to $2.90 by Labor Day
The 15-cent fare hike, which is not finalized, will be subject to public hearings in June, with a schedule expected for that by the end of May. Following that, the MTA Board is expected to take a vote on a final set of increases in July, with the hope to implement them by the beginning of September.
Before the pandemic, transit riders were split about evenly between paying per ride and buying unlimited passes, but the share of unlimited riders has decreased since the MTA began rolling out OMNY into the system. Today, about 70% of riders use OMNY or pay-per-ride MetroCards, though a higher percentage of unlimited pass holders make under $68,000 per year.
On the Triborough , Whitestone, Throgs Neck, and Verrazzano-Narrows bridges and the Queens Midtown and Brooklyn Battery tunnels, E-ZPass tolls would increase to either $6.96 or $7.01 depending on the option chosen, while mailed tolls would land either at $10.88 or $11.19. Henry Hudson Bridge tolls would go to $3.19 or $3.21 for E-ZPass and $8.03-8.25 for mailed tolls, while Cross Bay and Marine Parkway Bridge rates would go to $2.60-2.62 for E-ZPass and $5.45-5.60 for tolls by mail.
“Mayor Eric Adams should cut subway and bus fares in half for the million New Yorkers who can least afford the hike in his budget due next month,” said Danny Pearlstein, policy and communications director at the Riders Alliance. “By expanding eligibility for the City’s Fair Fares program to struggling New Yorkers at 200% of the federal poverty line, Mayor Adams can save almost $1,600 for families earning up to $60,000.
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