An MTA fare hike is fast approaching.
The increases to subway fares come at a time of record ridership. in April, the transit agency saw its first 4 million rider day since the pandemic.
On Monday, top transit officials revealed new single ride fare proposals at an MTA finance committee meeting. The proposed price hike is jumping rates from $2.75 to $2.90. Monthly rates would go up from $127 to $132.Get Tri-state area news and weather forecasts to your inbox. The MTA calls the increase a"reasonable" hike. It's also the first increase in nearly four years and moves the MTA back toward a biennial fare hike timeline.In terms of toll hikes this year, the agency is leaning towards a split option: 6% for E-ZPass and 10% for Mail at home credit card.
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