Thursday, October 18, 2012
MTA fare hike breakdown
The MTA delivered a harsh blow to straphangers yesterday when it unveiled its four proposals for next year's fare hike, and virtually evert rider will feel the pinch regardless of which one is chosen.
Two of the four plans would leave the base MetroCard fare at its current $2.25 and shift much of the burden to weekly and monthly card buyers, hiking a monthly MetroCard to as high as $125 - a more than 20% jump from the current $104.
The other two plans would increase the base fare to $2.50 and spread increases across more options, such as increasing a single ride ticket to $2.75 from $2.50.
All four plans, each of would raise $277 million over a full year, also include a new $1 surcharge to buy a new MetroCard.
The MTA will hold eight public hearings in November for commuters to weigh in on the options, starting on Nov. 7.
The plans will then go before the MTA's board Dec. 19 with the approved proposal expected to go into effect March 1.
MTA chief Joe Lhota said that painful as they are, the hikes are unavoidable.