The MTA is set to raise transit fares by 4% by the end of the year, likely increasing single ride costs to at least $3. Alongside this increase, the agency plans to cease selling MetroCards, which are currently necessary for unlimited 30-day passes. While a specific date for the fare hike is undetermined, it would trigger a 60-day public comment period before implementation. This move aligns with the MTA's aim to enhance its OMNY system, despite ongoing technical issues such as double charging riders for trips.
"We have the ability to do things with fares that are really not easy to do now, one of the things we're looking forward to."
"Existing unlimited MetroCards leave $40 million on cards every year unspent and we do not think that unused trip value is a good business model."
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