NY MTA seeks higher fare revenue, regular hikes

(Reuters) - The agency, which also runs buses and collects tolls for tunnels, will seek to raise the revenue by reducing discounts rather raising fares for the first time since 2005. However, it did recommend raising fares and tolls every two years to keep pace with inflation.




Thanks to discounts, New York City subway and bus riders now pay an average of $1.30 per ride -- 70 cents less than the base fare of $2.


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