NEW YORK – At a board meeting held on Wednesday, MTA officials announced that the agency would move forward with plans to increase fares next year in an attempt to boost revenue for the agency.
The MTA plans to increase fares by four percent in 2019 and is proposing a second four-precent hike in 2021, though that won’t be decided on until later hearings slated for this fall and winter, reports NBC New York. Tolls prices are also set to be increased, however just how much remains to be seen.
Some board members expressed the very concerns that many riders have: how can fares continue to go up in the midst of declining service reliability? “It is in my opinion not the appropriate time to ask our riders for more money at this time,” said MTA board member Mitch Pally. But the cash-strapped agency says that the fare hike is needed to address budget deficits.