MTA Board approves subway, bus fare hike; will discuss congestion pricing
NYC Transit, LIRR and Metro-North Railroad fares will go up 4%. On August 6, tolls on MTA bridges and tunnels will rise an average of 5.5% and as much as 10% for those who don't have E-Z Pass.Express bus fares will rise to $7 from the current $6.75. And 7-day unlimited-ride MetroCards will rise to $34 from the current $33 while 30-day unlimited MetroCards rise to $132 from the current $127.
The MTA says its seven-day "best fare" fare-cap will allow OMNY customers to start their seven-day fare capping period any day of the week. Unlike the 7-day MetroCard, which requires an upfront $34 payment, the OMNY "best fare" initiative will give customers the financial flexibility to pay-as-they-go until they have spent $34 in any consecutive seven days, after which the cap will be in effect through the end of seven days.
Single rides on subways and buses will increase to $3.25 from the current $3 and 7-Day Express Bus Plus MetroCards will rise to $64 from the current $62.The vote puts the MTA back on its schedule of fare and toll hikes every other year. The increases will generate $305 million in revenue and help with capital improvements and operating costs.
It comes after New York Gov. Kathy Hochul's budget infused the MTA with more than a billion dollars in new funding. The agency says without it, the fare hikes would have been worse.Then at 4 p.m. Wednesday, the MTA's Traffic Mobility Review Board will talk about congestion pricing, the plan to toll drivers who enter Manhattan south of 60th Street, as well as determining the exemptions.The board will make a recommendation on how much the toll should be and who will be exempt.
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