Source:
New York TimesUpdated, 11:31 a.m. | The board of the Metropolitan Transportation Authority voted 12 to 2 this morning to approve a package of fare increases for its subways, buses and commuter railroads, the third time in three years that New Yorkers face a stiff rise in the cost of getting around.
The unlimited 7-day and 30-day MetroCards for the city’s subway and bus system will remain unlimited, as the board rejected a proposal to cap the number of rides they are valid for. But the price of the passes will jump significantly. On Dec. 30, when the increases take effect, a 30-day unlimited card will cost $104, up from $89, a 17 percent increase, while an unlimited weekly pass will cost $29, up from $27. Single rides will rise 25 cents to $2.50.
The pricing regime places the biggest burden of the increases on the system’s most frequent riders, the third of straphangers who use 30-day passes. Transit officials said this action was fair, because that group also tends to be more affluent than other riders, according to the authority’s survey data.
But some board member at Thursday’s meeting objected. “This fare plan hits our best customers with the heftiest fare hike,” Andrew Albert, a nonvoting board member and chairman of the New York City Transit Riders Council, said shortly before the vote. “We should be rewarding our best customers.”
Read more:
http://cityroom.blogs.nytimes.com/2010/10/07/m-t-a-meets-to-increase-transit-fares/?hp
I buy a monthly metrocard and earn $21,000 a year. Nothing does down. Everything goes up, except for the salaries.