MTA adjusts fares, tolls as part of reforms

The Metropolitan Transportation Authority's board (MTA) yesterday adopted a slate of  fare and toll changes following reform initiatives revealed earlier in the week by MTA, as well as reform proposals announced by New York Gov. Andrew Cuomo and New York City Mayor Bill de Blasio. 

The MTA's base subway, bus and paratransit fares will remain unchanged at $2.75, while yielding a "much needed" MTA revenue of 4 percent, which is below the rate of inflation, MTA officials said in a press release.

But as of April 21, the 30-day unlimited ride MetroCard will increase 5 percent to $127, and the seven-day  unlimited-ride MetroCard will increase 3.1 percent to $33. Those increases along with other fare and toll changes are expected to produce an additional yearly revenue of $336 million, according to MTA.  

For more information on the fare and toll changes, click here.