The MTA Board has scheduled an emergency board meeting for Monday, May 11 at 10 a.m. to vote on a new fare structure. At the meeting, planned in response state-approved rescue package, the Board will vote to discard the planned service hikes and will establish the new fares.
amNew York speculated on the fare structure this morning. Heather Haddon writes:
As a result, straphangers would see base fares increase from $2 to $2.25 starting probably in July. Meanwhile, monthly MetroCards are reported to increase from $81 to $89, and the MTA will likely boost the bonus on pay-per-ride cards from 15 percent to 20 percent.
There is no word on the minimum amount required for the pay-per-ride discount yet. This raises the discounted pay-per-ride fare from $1.74 to $1.88. The new fares should be into effect in either late June or early July.