MTA fares set to soar by 50 percent in coming decade: Report

Credit: Spencer Platt/Getty Images
Based on the pattern of recent MTA fares hikes, a single subway ride will cost $3.75 in 2023.
Credit: Spencer Platt, Getty Images

If the Metropolitan Transit Authority continues to raise fares at the same rate, subway and bus fares would soar 50 percent over the next decade, according to a new report.

Based on the pattern of recent MTA fares hikes, a single subway ride will cost $3.75 in 2023, the Independent Budget Office said.

“Given the financial pressures the MTA will face over the next decade, some fare increases are likely,” the office’s report concluded, noting the timing of hikes could be different in reality.

The Straphanger’s Campaign, which requested the analysis, was concerned by the numbers.

“Constant fare hikes will overburden riders, discourage use of mass transit and cannot be sustained over time,” Gene Russianoff, staff attorney for the transit watchdog, said in a statement.

The analysis assumed subway and bus fare increases of 8.4 percent, a rate the MTA used this year and in 2011.

If the rate holds, a 30-day MetroCard would cost $138 in ten years. A seven-day would increase to $45 from $30.

After the board said they would need to increase fares again at an annual hearing last week, an MTA spokesman said the “pattern of regular but modest” fare increases helps create a predictable funding stream.

The MTA “is operating with unprecedented levels of budget transparency and discipline,” spokesman Adam Lisberg said.

According to the report, the average trip costs $1.76 for riders, a relatively modest increase of 38 cents since 1996, adjusted for inflation.

But Russianoff shrugged this off, pointing out that the 30-day MetroCard has gone from $63 to $112 in the same period.

The report also noted that the MTA relies on fare revenue more than other transit operators in cities like Boston and Philadelphia.

Follow Anna Sanders on Twitter: @AnnaESanders



News
Entertainment
Sports
Lifestyle
National

Mutant worms stay sober, even on alcohol

U.S. researchers have developed "mutant worms" that do not get drunk by alcohol, a breakthrough that could lead to new treatment for people trying to quit drinking

Local

K-9 nose helps capture $150K in cocaine at…

A furry, four-legged security agent helped authorities stop an illegal cocaine shipment from sneaking past JFK customs.

National

Minnesota man asked to leave Southwest flight after…

A man and his two sons were asked to leave a Southwest Airlines flight after the man sent a tweet complaining about being treated rudely by a gate agent.

National

Man sues hospital after surprise penis amputation

An Alabama man who went in to a hospital last month for a circumcision awoke after surgery to find his penis had been amputated, his lawyer said on Thursday.

Movies

Review: Brett Ratner's big 'Hercules' movie is small…

The latest "Hercules," starring Dwayne Johnson as the half-god beefcake of Greek myth, strips its hero and tale of most of its fantastical elements.

Arts

Scientists recreate world's smallest Monet copy

Scientists have reproduced a famous Impressionist painting using nano-printing, to create what has been described as the world's smallest work of art. Reworked at the…

Television

Jerry Seinfeld is ambidextrous, and other Reddit AMA…

See some of the weirder highlights of Jerry Seinfeld's recent Reddit AMA.

Going Out

Grab a pedestrian and start dancing at What…

As a New Yorker, I’ve mastered the art of focusing my gaze straight ahead. Though it occasionally piques my interest, the absurdities that play out…

NFL

2014 NFL Fantasy Football Top 100 overall player…

2014 NFL Fantasy Football Top 100 overall player rankings

U.S. Soccer

NYCFC announce signing of Frank Lampard

The tease of a big signing Thursday by new MLS side NYCFC ended up being one rumored for weeks. England midfielder Frank Lampard agreed to…

NBA

NBA great LeBron James sends 800 cupcake apologies…

By Kim PalmerCLEVELAND (Reuters) - NBA star LeBron James, whose recent return to the Cleveland Cavaliers in his home state of Ohio sparked a frenzy…

NFL

Jerry Reese confident with Giants, skipping countdown clocks…

Last year, Giants GM Jerry Reese installed a countdown clock in the locker room to inspire Big Blue to play in their own stadium for Super Bowl XLVIII.

Tech

Forget Wi-Fi: Li-Fi could be the future

Li-Fi technology – developed by Mexican company Sisoft – is wireless internet connectivity using specialized LED light.

Tech

Weather app Climendo might be the most accurate…

The wait for a truly accurate weather forecast could finally be over thanks to a nifty new app called Climendo.

Tech

Napkin Table puts focus off the phone and…

Michael Jan, a design student at Tunghai University in Taiwan, has invented a serviette-picnic blanket hybrid called the Napkin Table.

Style

Essie's new Color Boutique

Essie launches high-tech kiosks at major airports and malls across the country.