The New York Metropolitan Transportation Authority (MTA) is reminding customers that fares will increase at the beginning of next month.

The need for additional revenue, which had been assumed in MTA budget forecasts beginning in 2009, was confirmed in July 2012. The MTA announced specific fare and toll increase proposals last October. The proposals were reviewed at a series of eight public hearings and four public video submission sessions held throughout the region in November. The MTA Board adopted the increases on Dec. 19, 2012.

New fare rates for subways, buses, Staten Island Railway (SIR) and Access-A-Ride will go into effect on March 3.

The base fare for subways, local buses, SIR and Access-A-Ride is rising to $2.50 from $2.25; the base fare for express buses is rising to $6.00 from $5.50. The pay-per-ride bonus discount will be reduced to 5% from 7%, but will now be available for adding as little as $5 onto a MetroCard, down from $10 previously. A Single Ride Ticket purchased from MetroCard Vending Machines is rising to $2.75 from $2.50.

New fares will also go into effect on the Long Island Rail Road and Metro-North March 1, for monthly, one-way, round-trip and 10-trip ticket holders. For those using weekly tickets, which are always valid from Saturday through the following Friday, new fares take effect March 2.

On average, most commuter rail tickets will increase between 8.2% and 9.3%, depending on ticket type and distance traveled. The discounted CityTicket fare for one-way weekend travel within New York City will rise to $4.00 from $3.75, starting March 2.