The MTA wants to swipe $3 out of riders’ pockets with its next fare hike, the NY Daily News reports.
The Metropolitan Transportation Authority will recommend a 25-cent jump to the base fare at its board meeting next week — passing on another option that would have kept it at $2.75. Since 2005, the cost of a MetroCard swipe has increased 50% — from $2 to $3. At the same time, the inflation rate has hovered around 2% a year. Factoring in the bonuses, the $3 proposal was the smallest increase since the MTA started raising fares every other year in 2009.