Nyc Mta Fare Increase 2025
Nyc Mta Fare Increase 2025. In 2023, the mta lost $700 million to fare evasion and spent $1.3 billion on employee overtime. The new fares, which are designed to yield a 4% fare revenue increase, were approved by the mta board during its july meeting.
Mta’s potential fare increase would be its first since 2019; The cost of a subway or bus ride in new york city could increase to more than $3 per trip by 2025 under proposed fare hikes, the metropolitan transportation authority (mta).