MTA plans two fare hikes over next 4 years

A train arrives to the Astor Place station early Friday, Dec. 16, 2005 in New York. (AP Photo/ Dima Gavrysh)

July 25, 2013 4:58:46 AM PDT
New York City commuters can expect to pay more to use public transportation in coming years.

Metropolitan Transit Authority officials said Wednesday MetroCard prices are expected to rise in 2015 and again in 2017. How much the bus and subway fares will go up is still unknown. The MTA's board will determine the fare hike after public hearings.

Robert Foran, the MTA's chief financial officer, said in a presentation to the MTA's board that future fare and toll increases will depend on the authority's finances at the time. He said the authority had to cover health care, pension and other costs.