New York subway and bus prices to rise by 4% in March
Visitors and daily commuters on the subway and buses in New York face a fare hike in March after the Metropolitan Transportation Authority (MTA) approved the measure this week.
The fare increase will mean that the basic rate for any journey begins at $2.75. The MTA have attempted to lessen the load of the increase by allowing travellers who load up their MetroCard with cash, an 11% bonus for every $5.50 they put on the card.
The AM New York news site reports that the price of a seven-day card will go up by a dollar to $31 from $30, and a 30-day MetroCard will now cost $116.50 - a jump of $4.50.
The MTA Board gave overwhelming support for a 4% fare and toll hike with a warning that travellers could expect increases every two years, with the next raise coming in 2017.
The Authority estimates that it will bring in an extra $467 million from subway and bus riders and drivers over the next two years, according to agency financial documents.