Bus

N.Y. MTA may raise subway, bus fares

Posted on December 11, 2012

NEW YORK — The New York Metropolitan Transportation Authority (MTA) may raise its base fare for subways and buses by 25 cents to $2.50, according to board members. Monthly unlimited passes could be increased by $8 to $112, reported Bloomberg Businessweek.

The increased rates would take effect in March if approved and are designed to net an annual $450 million in additional revenue to help fill projected budget deficits. To read the full story, click here.

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