Ever since the coronavirus pandemic decimated subway ridership in New York City, the Metropolitan Transportation Authority has resisted raising the price of a ride out of fear that even more people would abandon mass transit.
But after years of financial uncertainty, the authority now intends to balance its budget, and to do so, it wants to raise the base fare for subway and bus trips for the first time in eight years, to $2.90 from $2.75 by late August.
On Wednesday, the M.T.A.’s board is widely expected to vote to approve the proposed fare increase.
The decision will almost certainly reverberate across the United States, where transit systems of every size have experienced steep and lingering losses as many white-collar commuters continue to work from home at least part of the time.
A May 2023 survey by the American Public Transportation Association found that larger cities have been hit especially hard — 71 percent of transit agencies with budgets greater than $200 million are predicting shortfalls in their operating budgets.
Organizations:
Metropolitan Transportation Authority, American Public Transportation Association
Locations:
New York City, United States