Big changes are coming to New York City transit fares by the end of the year — including a likely price hike.
The MTA plans to raise the cost of subway and bus rides by 4% by the end of the year, which could increase the cost of the single ride to at least $3. At the same time, the agency plans to stop selling MetroCards, which are currently the only way riders can purchase 30-day unlimited passes.
The MTA has not yet set a date for the fare hike, but the agency’s annual budget anticipates it would go into effect in August. That date appears unlikely. An MTA board vote on a fare hike triggers a mandatory public comment period before the increase is implemented…