Though an MTA official said the fare increases may not impact the cost of a single subway ride and rather be distributed across the transit system, this could bring single-ride fares from their current $2.75 price up to $2.90 by 2023. One solution being a possible 5.5% increase in fare by 2023, shares MTA officials.

It doesn’t need to be revenue out of the pockets of working people.In an attempt to reduce the structural deficit from $2.6 billion to $600 million in 2023, the budget proposes ways to preserve transit service and funding shortfalls. This would be part of a significant stream of additional revenue for the MTA to fund this and other needs,” he said. Speaking to The Post, Gianaris, the second-ranking Democrat in the State Senate, insisted the proposals are “not adding more to the money that the MTA needs.” And that’s before we #TaxTheRich, which will state revenue.” “Our entire package ($3.26B/yr) costs 1.5% of the State’s budget ($222B). “This isn’t pie in the sky stuff,” Mamdani posted on Twitter on Wednesday. The pols want to make riding the bus free-of-charge one borough at a time. They point to other cities pursuing free buses, including Los Angeles, Boston and Washington, D.C., which just announced plans to go fare-free citywide next summer. The Queens pols also propose more than a billion dollars in additional spending to freeze subway fares for two years and increase service to run buses and trains every six minutes. “If you believe in buses, you don’t eliminate one of the key elements to help finance them.”

Financially, this is not the right time,” Moss said. I don’t think that’s something we should just give away.

Mta bus fare