The MTA has decided to pause its planned subway and bus fare increase that was scheduled for August 2023, providing a temporary reprieve for NYC commuters. MTA Chair Janno Lieber stated that fare adjustments require public hearings and board approval, which will delay any changes until possibly later this year. The agency's budget typically indicates a 4% fare increase every two years, a trend that has been in place since 2010. The most recent fare increase occurred in 2023, raising the base fare from $2.75 to $2.90. Details on future increases remain unclear.
MTA Chair and CEO Janno Lieber announced that subway and bus fare increases due this August will be postponed pending public hearings and board approval.
The MTA's budget, which projects a 4% fare increase every two years, confirms the organization's ongoing pattern of fare adjustments since 2010.
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