The proposed higher fare and toll hikes require public hearings before they could be approved.
The MTA is considering an increase to next year's scheduled fare and toll hike as the authority faces budget gaps in the billions. Lauren Glassberg has the story.The MTA is expected to vote on its 2023 budget at its monthly board meeting Wednesday but recently proposed higher fare and toll hikes are not on the agenda.
At last month's meeting, Chief Financial Officer Kevin Willens proposed an increase of 5.5%, rather than the planned 4% hike. "Without new recurring revenue, the board will have to look to larger fare hikes, service cuts, and headcount reduction to close the remaining gaps," Willens said. Those hearings will determine how much of the increase should be shouldered by subway and bus riders, commuter rail riders, and drivers.
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