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When the New York City Transit Authority was created in July 1953, the fare was raised to 15 cents (equivalent to $1.71 in 2023) and a token was issued. In 1970 the fare was raised to 30 cents. This token is 23mm in diameter with a Y cut out, and is known as the "Large Y Cutout".
New York City Subway fares have been increased four times since 2008, with the most recent occurring August 20, 2023, raising single-ride fares from $2.75 to $2.90, express service from $6.75 to $7.00 and the monthly MetroCard fare from $116 to $132.
A major goal of the formation of the NYCTA was to remove transit policy, and especially the setting of the transit fare, from City politics. The fare was increased to fifteen cents on July 25, 1953, and a token was introduced for paying subway and elevated fares. Bus and trolley fares continued to be paid by cash only.
The Metropolitan Transportation Authority announced Wednesday it will test new fares for New York City Transit to increase ridership and reduce costs and uncertainty for public...
The MTA may be on better financial footing through 2024 thanks for an influx of federal funding, but transit officials won't commit to holding off on fare increases beyond 2021. (Yassie Liow/Patch)
The Metropolitan Transportation Authority (MTA) operates 80 express bus routes in New York City, United States. Express routes operated by MTA Bus Company are assigned multi-borough ( BM , BxM , QM ) prefixes.
As of August 2023, the base fare is $2.90. Fares can be paid with most credit or debit cards using the OMNY readers, with a reusable MetroCard, or with single-use tickets. The MTA offers 7-day and 30-day unlimited ride programs that can lower the effective per-ride fare significantly.
Fares begin at US$3.00 and increase based on the distance traveled and time spent in slow traffic. The passenger also must pay for tolls incurred during the ride. [89] The average cab fare in 2000 was US$ 6.00; over US$ 1 billion in fares were paid that year in total.
September 17, 2004. The Times Square–42nd Street station is a major New York City Subway station complex located under Times Square, at the intersection of 42nd Street, Seventh Avenue, and Broadway, in Midtown Manhattan. The complex allows free transfers between the IRT 42nd Street Shuttle, the BMT Broadway Line, the IRT Broadway–Seventh ...
In December 2007, the MTA announced that it planned to set aside $27 million in 2008 and $60 million annually afterwards for service enhancements to help riders deal with increased fares. Extended weekday evening M service to Broad Street and weekend service to Chambers Street were part of the plan. [56]