MTA Considering 4 Fare Hike Proposals

The MTA says any of the four proposals would generate roughly $230 million in additional revenue for the cash-strapped agency

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    The MTA is considering a series of fare hikes that would send straphangers reaching even deeper into their wallets.

    An agency spokesman confirmed the four fare-hike proposals would be submitted to the board Monday and, if passed, would go into effect in March.

    Under one of the proposals, bus and subway patrons would pay up to $125 for a monthly unlimited MetroCard, an increase of $21 from current prices. The price of unlimited weekly MetroCards would increase $5 to $34. The base $2.25 fare for single bus and subway rides would remain unchanged.

    Another proposal suggests slashing the Pay-Per-Ride MetroCard bonus from 7 percent to 5 percent and bumping up weekly unlimited MetroCards $5 while keeping the base fare the same, and a third scheme involves nixing the 7 percent bonus altogether and increasing the monthly and weekly unlimited MetroCard costs by smaller amounts -- $15 and $3, respectively.

    The MTA says any of the four proposals would generate roughly $230 million in additional revenue for the cash-strapped agency.

    Public hearings on the matter are scheduled to begin next month.

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