New York Subway Fares Jump to $2.75 Today
According to the Metropolitan Transportation Authority (MTA) webpage, "Fares and tolls will go up by 4% over the next two years with the increases set to take effect March 22 on MTA New York City Transit buses and subways, MTA Bus, the MTA Staten Island Railway, and MTA Bridges and Tunnels (and) MTA Long Island Rail Road and MTA Metro-North Railroad.
“We are seeing a system that is bursting at the seams in terms of increased ridership,” Kevin Ortiz, a spokesman for the transportation agency, said.
The plan proposes $32 billion in spending over five years, but it is $15 billion short — the largest funding gap ever and a striking sign of the difference between what the system needs and what the authority can afford," writes Fitzsimmons.
MTA is a state, not a city or regional agency. Gov. Andrew Cuomo "called the plan 'bloated' and has not addressed the funding gap, instead publicly drawing attention to other infrastructure projects, including a new Tappan Zee Bridge and his proposal for an AirTrain to La Guardia Airport."