MTA Unanimously Approves Fare Hikes On Subways, Buses
(Wednesday, December 19th, 2012)
The Metropolitan Transportation Authority board approved a slate of fare hikes Wednesday. They?ll take effect March 1.
Base subway and bus fares will rise by 25 cents, to $2.50, though some paper single-ride tickets will cost $2.75. A monthly MetroCard pass will cost nearly 8 percent more, or $112.
Long Island Rail Road and Metro-North rail fare hikes average about 9 percent.
A dozen members of the public pleaded against the fare increases. Several board members characterized the hikes as a move made necessary by insufficient state support and a lack of other revenue.
The increases are to bring in an additional $450 million a year for the nation?s largest transit system.
(AP)
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