NYC Subway Fare Will Rise to $2.90 By Late August
Ever since the coronavirus pandemic decimated subway ridership in New York City, the Metropolitan Transportation Authority has resisted raising the price of a ride out of fear that even more people would abandon mass transit.
But after years of financial uncertainty, the authority intends to balance its budget. On Wednesday, the M.T.A.’s board voted to raise the base fare for subway and bus trips for the first time in eight years, to $2.90 from $2.75, by late August.
The decision will almost certainly reverberate across the United States, where transit systems of every size have experienced steep and lingering losses as many white-collar commuters continue to work from home at least part of the time.
A May survey by the American Public Transportation Association found that larger cities have been hit especially hard — 71 percent of transit agencies with operating budgets greater than $200 million were predicting shortfalls in their operating budgets. Transit agencies in Washington, D.C., and the San Francisco Bay Area have also moved to raise fares this year.
Source: The New York Times
