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From the inauguration of IRT subway services in 1904 [99] until the unified system of 1948 (including predecessor BMT and IND subway services), the fare for a ride on the subway of any length was 5 cents ($.05 in 1904 equivalent to $1.7 in 2023; $.05 in 1948 equivalent to $0.63 in 2023). On July 1, 1948, the fare was increased to 10 cents ...
This budget deficit has resulted in various problems, mainly concentrated in New York City. 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.
On New York City Transit, a one-way fare is currently $2.90 per trip, and allows free transfers between buses and subway. Weekly passes are $34, and monthly passes are $132. Further information of New York MTA fares can be found here.
The new $2.90 base bus and subway fare, set to to take effect on ... Boarding New York City subways and most of its buses will cost another 15 cents before the summer is out under an MTA plan ...
The long-dreaded MTA bus and subway fare hikes take effect Sunday, and New York City commuters are on the express train to frustrated. “The trains are not reliable. The subway is nothing for New ...
At the base bus and subway fare of $2.75, that’s about 180 million acts of fare evasion a year cutting into the MTA’s budget, which faces a $2.5 billion deficit come 2024.
The MetroCard, a magnetic stripe card, was first introduced in 1993 and was used to pay fares on MTA subways and buses, as well as on other networks such as the PATH train. Two limited contactless-payment trials were conducted around the New York City area in 2006 and in 2010.
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