New York MTA raises subway fares for the first time since 2019

The higher fees are part of a budget agreement that state lawmakers hashed out earlier this year where the MTA would get additional payroll tax revenue while also increasing fares and tolls. — Bloomberg

NEW YORK: New York’s Metropolitan Transportation Authority (MTA) voted to lift prices on its subways, buses and commuter rails for the first time since 2019 as the nation’s biggest public transit system moves to close budget deficits.

The steeper charges are set to take effect on or about Aug 20 after the MTA approved the increases at its monthly board meeting on Wednesday. The agency boosted the cost of monthly and weekly transit passes in 2019, but it hasn’t raised the base fare for the subway since 2015.