The MTA on Monday proposed raising subway, bus, and paratransit fares to $2.90 by Labor Day — the first time the base fare would go up since it went to $2.75 in 2015.
The 15-cent fare hike, which is not finalized, will be subject to public hearings in June, with a schedule expected for that by the end of May. Following that, the MTA Board is expected to take a vote on a final set of increases in July, with the hope to implement them by the beginning of September.
Single-ride fares would go up by about 5.5%, while fares would go up by a smaller proportion on weekly and monthly unlimited passes. Weekly unlimited fares will rise by $1 to $34, while monthly unlimited passes will rise from $127 to $132.
