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Get ready for unplanned subway fare hikes thanks to MTA improvements

In addition to two planned 4% increases in 2018 and 2021.
NYC subway rate hike
Photo: Getty Images

According to the annual financial outlook report by State Comptroller Thomas DiNapoli, recent and much-needed improvements by the MTA may mean fare increases could come sooner than the ones that are already scheduled, Newsday reports. DiNapoli’s report pointed out that even if it gets the hoped-for additional government funding, recent improvement efforts that address subway performance could add up to $300 million annually, requiring an unscheduled fare and toll increase of about 4 percent. Currently, a 4 percent hike is planned for 2019, and another for 2021.

Find out what this means for your wallet at 6sqft...

 
 
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