No way to get around it — Metrocards are going to get more expensive next year, and then again in 2015 and 2017.
The MTA released its 2013 budget today, and officials concretely promised to raise fares in 2013 and then again in 2015.
Combined fare and toll increases will bring in $450 million in 2013, and $500 million in 2015, according to the MTA.
The budget plan leaves the MTA with “fragile stability,” according to the budget.
“I’m pleased that we will be able to keep the MTA’s budget in balance despite our challenges, but I am concerned about the long-term trend in our expenses,” MTA chairman Joseph J. Lhota said in a statement.
Lhota has said in the past there will very likely be a third fare hike in 2017.
The MTA will hold public hearings about the proposed fare increase in November, and they will vote in December for a fare increase to take effect in March. The MTA originally said fares would be raised in January, but announced earlier this month it would be pushed back 60 days. Lhota said he wanted to delay the hike as long as possible.
Ya-Ting Liu from transit advocacy group Transportation Alternatives testified before the MTA board yesterday, asked Gov. Andrew Cuomo to step in and stop the fare hikes.
New Yorkers are feeling “the frustration of being fed a steady diet of fare increases without corresponding improvements in service,” Liu said.