Two new fare hike proposals for MTA subway riders

NEW YORK (WABC) -- We know MTA fares are going up, but now we're getting a look at just how much more it could cost you.

The MTA says the increase is about 2% each year for the next two years.

For subway riders, the MTA unveiled two proposals.

The first proposal will raise the base fare 25-cents to $2.75 and increase the bonus amount on MetroCards to 11% if you put in $5.50 or more.

In the second proposal, the base fare will remain unchanged at $2.50, but the bonus amount will be eliminated on MetroCards.

The increase on the LIRR and Metro-North depends on the length of the trip and can be anywhere from 2.1 to 6.1%.

If approved, higher fares will go into effect by March of next year.