The Metropolitan Transportation Authority (MTA) Board has voted to approve the lowest fare increase since 2009, when the MTA committed to a biennial schedule for regular increases. The plan increased fares over the next two years by 4 percent – or less than 2 percent annually and less than the rate of inflation. The MTA was able to hold the necessary increases below inflation as a result of the agency’s continued discipline in keeping costs down. The new fares, which take effect March 19, will allow the MTA to continue to provide safe and reliable service.
“The MTA is focused on keeping our fares affordable for low-income riders and frequent riders, and on how we can keep necessary scheduled increases as small and as predictable as possible,” MTA Chairman and CEO Thomas F. Prendergast said. “Keeping fares and tolls down was possible because of the continued operational efficiencies and ways we have reduced costs while adding service and capacity along our busiest corridors, most recently with the opening of the new Second Avenue subway.”
The majority of Metro-North Railroad customers will see weekly and monthly passes increase 3.75% or less, with rises to monthly tickets capped at $15. Intermediate monthly and weekly ticket increases are also capped at 3.75%. Some one-way fares will have larger increases only because fares must occur in 25-cent increments. For these one-way fares, any increase greater than 6 percent would be not more than 50 cents per ride; West of Hudson customers will see a 2% increase in fares; City Ticket remains unchanged at $4.25.
For point-to-point fare information by station and ticket type, click here for a PDF table.