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

Florida man charged with murdering son to play…

A Florida man annoyed that his 16-month-old crying son was preventing him from playing video games suffocated the toddler, police said on Friday.

International

Powerful 7.2 magnitude earthquake rattles Mexico

A powerful earthquake struck Mexico Friday, shaking buildings and sending people running into the street, although there were no reports of major damage.

News

OMG! Exercise can make skin (and butt) look…

A moderate exercise regime can turn back time and actually reverse the skin's aging process, according to new research. The study showed that a minimum…

Local

Oval oasis: Summer of fun kicks off this…

A bold partnership between the Fairmount Park Conservancy and the city's Parks and Recreation Department is kicking off this weekend with family activities re-activating this unused public space.

Entertainment

Whoopi Goldberg makes her debut as marijuana columnist

"It helps my head stop hurting, and with glaucoma your eyes ache, and she takes the ache out. It's wonderful," she said.

The Word

Kate Middleton made fun of Prince William's bald…

Kate Middleton and Prince William are in Sydney, Australia, right now, and it sounds like that brash Aussie sense of humor might be rubbing off.

The Word

Is Tom Cruise dating Laura Prepon?

"Mission: Impossible" star Cruise is said to be dating Laura Prepon, star of "Orange is the New Black."

Television

'Scandal' recap: Season 3, Episode 18, 'The Price…

Sally is Jesus, Olivia caused global warming, and Mellie's still drunk. Let's recap the Scandal finale. A church full of Washington insiders is about to…

MLB

Jimmy Rollins is key to Phillies success

When John Kruk was asked about what the Phillies need to contend for a playoff berth, the ESPN analyst said Jimmy Rollins needs to play like a MVP again.

MLB

Ben Revere lifts Phillies to avoid sweep

Ben Revere came through with a two-out RBI single against Atlanta’s tough lefthander Alex Wood.

NBA

Season wrap: 76ers make the grade

The 76ers opened the 2013-14 season with a victory over the Miami Heat. The Sixers closed the season with a win at Miami.

NBA

Fantasy basketball: Finding next year's NBA studs

Before we put the 2013-14 fantasy basketball season to bed, it’s worth thinking about next year’s breakouts while they’re fresh in our mind.

Parenting

How to parent without gender stereotypes in a…

Christia Spears Brown, Phd. author of "Parenting beyond Pink & Blue" gives advice on raising kids free of gender stereotypes.

Tech

VIDEO: 'Vein-scanning' may become the future of paying

Designed to make transactions quicker and easier, the technology works by scanning the unique vein patterns in each person's palm.

Tech

#FollowFriday: 10 of the smartest Twitter accounts

Spending lots of time on Twitter? You might as well learn something. Here are some of the smartest accounts to follow.

Style

Light-up nail art syncs with phone

This Japanese technology syncs light-up nail art with your phone.