MTA likely to hike fares, reduce discounts - New York News

MTA likely to hike fares, reduce discounts

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The Metropolitan Transportation Authority is considering a fare hike to help generate more than $380 million to balance next year's budget, according to a report.

The announcement is expected to come next month, reported the NY Daily News.

The base fare would jump for straphangers from $2.25 to $2.50.

The monthly MetroCard would rise from $104 to $109.

The MTA would do away with the 7 percent MetroCard bonus.

Public hearings on the possible hikes would take place in November.

The board would vote on the proposed hike in December.

If the fare hike is approved, it could take effect as early as March 2013, added the Daily News.

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