As expected, the head of the New York Metropolitan Transportation Authority is recommending the agency raise the base fare for subways and buses by 25 cents, and increase the cost of a 30-day MetroCard from $104 to $112.
Joe Lhota outlined his recommendation in a memo sent to MTA board members Thursday. The board is expected to approve the fare hike at its meeting next week. It would go into effect in March 2013.
Lhota says in his memo that the increase in fares and tolls will raise an additional $450 million annually for the agency.
To learn more, read the memo below, or download a pdf of it here.