The Straphangers Campaign, which advocates for train and bus riders, asked the NYC Independent Budget office to crunch the numbers from the MTA’s July 2013 financial plan.
If current trends continue, according to the report, fares and tolls could rise faster than the rate of inflation. The office acknowledged “some fare increases are likey. The timing and amount of those increases, however, may be very different from those analyzed here.” The 50 percent increase was estimated for 2023.
Every July, the MTA reviews the upcoming budget. Fare hikes and toll increases have been a part of the equation since 2009.
The agency has budgeted another round of them in 2015 and 2017, although it is still a “hypothetical,” says an MTA spokesperson. Public hearings are required to be held.AlertMe