New York City commuters can expect to pay more to use public transportation.
Metropolitan Transit Authority officials said Wednesday MetroCard prices are expected to rise in 2015 and again in 2017. How much the bus and subway fares will go up is still unknown. The MTA's board will determine the fare hike after public hearings.
Robert Foran, the MTA's chief financial officer, said in a presentation to the MTA's board that future fare and toll increases will depend on the authority's finances at the time. He said the authority had to cover health care, pension and other costs.
On Monday, the MTA announced it would be investing millions of dollars to improve and increase service on its subways, buses and commuter railroads over the next year. Gov. Cuomo said the improvements are the result of additional state funds, increased revenue from fare and toll hikes and MTA cost-cutting.
