The newly unveiled plan includes the potential for a 2 or 4% fare hike.
The MTA is also suggesting that if the base fare for a MetroCard does not increase the price of 7 and 30 day passes would.
On top of that, the agency is proposing increasing the "green" fee for new MetroCards above the current $1.
"The MTA will begin the standard review process for fare and toll adjustments, although we recognize this year is anything but standard, with a series of virtual public hearings," MTA chairman Patrick Foye said in a statement. "With the ongoing COVID-19 pandemic, we are committed to reviewing a wide variety of proposals and will work to minimize the impact on our customers."
Tuesday's is the first in a series of hearings throughout the month.
2020 Virtual Public Hearing Dates
- Tuesday, Dec. 1, at 5:30 p.m.
- Thursday, Dec. 3, at 10 a.m.
- Monday, Dec. 7, at 5:30 p.m.
- Wednesday, Dec. 9, at 5:30 p.m.
- Monday, Dec. 14, at 5:30 p.m.
- Monday, Dec. 21, at 10 a.m.
2020 Virtual Satellite Hearing Dates
- Wednesday, Dec. 2, from 5:30 to 8:30 p.m.
- Tuesday, Dec. 8, from 10 a.m. to 1 p.m.
Related: MTA outlines 'draconian' cuts without $12 billion in federal aid
The so-called doomsday scenario is playing out because the MTA says it has so far been denied $12 billion in federal funds for which the agency has been begging for months.
The draconian measures also include cutting as much as 40% of service on subways and buses, as well as 50% on commuter rail lines like the Long Island Rail Road and Metro-North, along with over 9,000 layoffs.
The agency is required to pass a balanced budget by the end of the year, and the new budget includes the combination of layoffs and service changes designed to close a pandemic-induced $12.2 billion deficit through 2024. The cuts would save $1.2 billion but would devastate the city's public transportation system.
Related: MTA in worse shape than during the Great Depression, officials say
MORE CORONAVIRUS COVID-19 COVERAGE
How coronavirus changed the New York region
Do you have coronavirus symptoms?
New York, New Jersey, Connecticut out-of-state travelers quarantine list
COVID-19 Help, Information. Stimulus and Business Updates
New York City
Westchester and Hudson Valley
Centers for Disease Control and Prevention on coronavirus
Submit a News Tip