MTA begins process for next possible fare and toll hikes

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Plans for a record amount of repair and improvement projects for the subways, buses and railroads are moving ahead.

This is also the time to discuss the next round of fare and toll hikes.

They've happened every two years for the past five years and riders have been told to expect the fare and toll hikes.

Every July, the MTA Board reviews the financial plan for the next year. Fare and toll increases of 4 percent have been projected.

MTA leaders will discuss any increase and are open to reviewing specific areas impacted by higher fares and tolls.

This year, the increases are again included in the budget presentation. The agency will discuss possible increases later this fall and hold a series of required public hearings.

The MTA has an estimated $13 billion budget. Staff reports show about a third of that comes from fares and tolls.

Most capital improvements, including many of the new station and train designs, are funded through a separate allocation of tax dollars. That plan includes $28 billion from state, city and federal government sources.