Subway and bus fares will rise from $2,75 to $2,90 on Sunday, August 20. This is the first increase in fares since 2019 and the first increase in basic metro and bus fares since 2015. The edition told in more detail ABC7NY.
NYC Transit, LIRR and Metro-North Railroad fares will increase by 4%. On August 6, New York City Transportation Authority (MTA) nine bridge and tunnel tolls increased by an average of 5,5% and 10% for those without an EZ Pass.
The MTA is also raising fares for express buses and monthly MetroCards.
The express bus fare will rise to $7 from the current $6,75. Seven-day unlimited MetroCards will cost $34 instead of the current $33, and 30-day unlimited MetroCards will increase to $132 from the current $127.
The MTA says the seven-day "best rate" rate cap will allow OMNY customers to start their seven-day rate cap on any day of the week.
Unlike the 7-day MetroCard, which requires a $34 upfront payment, OMNY's Best Rate initiative will give customers the financial flexibility to pay as you go, as long as they don't spend $34 in any consecutive seven days.
The 7-Day Express Bus Plus MetroCard will go up to $64 from the current $62.
All senior citizen discounts and reduced rates will remain in effect.
A vote last month returned the MTA to a biennial toll and toll increase schedule. The increase will generate $305 million in revenue and help with capital improvements and operating costs.
This came after New York Gov. Kathy Hokul's budget injected more than a billion dollars in new funding into the MTA. The department says that without him, the fare increase would have been even greater.
“Because we took action, we were able to stabilize the financial situation and even increase the volume of services provided,” said MTA Chairman Janno Lieber.
In the MTA, among other things, they rely on additional income from Manhattan congestion fees.