This week is the last week to get your bargain barrel MetroCards before fare increases go into effect on March 22nd.
A single fare ride will increase to $3.00. The base fare for the subway, bus and Staten Island Railway will increase by 25 cents to $2.75 per ride. This will also increase the bonus amount added MetroCard purchases of at least one round-trip. This averages to a 10 cents fare increase for this type of Bonus MetroCard. For the 30-Day Unlimited Ride Metrocard, the fare will increase 4% to $116.50. The 7-Day Unlimited Ride MetroCard, will increase 3.3% to $31.
Overall fares and tolls across all MTA modes of transportation will go up by 4% over the next two years. The fare increase is due to budget cuts, with $1.1 billion cut from its annual spending this year, with more cuts planned every year to bring annual savings to $1.6 billion by 2018. The MTA Board of Directors voted to increase fares in order to raise revenue and meet targets. They are planning on investing over $2 billion dollars over 4 years on subway cars alone. You can read the full Board Meeting report on fare changes here.
Despite all the fare increases, don't expect the quality of service to increase. The MTA is just pushing these costs onto the millions of riders who rely on the MTA system to get around every day because they know we don't have a choice.