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Fares and tolls will go up by 4 percent over the next two years with the increases set to take effect March 22 on MTA New York City Transit buses and subways, MTA Bus, the MTA Staten Island Railway.

Tolls will also rise on MTA Bridges and Tunnels.

Subway, bus, and MTA Staten Island Railway fares will rise by 25 cents to $2.75; however, the bonus amount added to MetroCard purchases of at least one round-trip will more than double.

Fares will also increase on MTA Long Island Rail Road and MTA Metro-North Railroad on March 22.

On the other side of the ledger, the MTA has cut $1.1 billion from its annual spending, with more cuts planned every year to bring annual savings to $1.6 billion by 2018.

 

It’s a long way from the legendary nickle fare:

— Oct. 27, 1904, subway opens, fare of 5 cents.

— July 1, 1948, increases to 10 cents.

— July 25, 1953, 15 cents.

— July 5, 1966, 20 cents.

— Jan. 1, 1970, 30 cents.

— Jan. 1, 1972, 35 cents.

— Sept. 1, 1975, 50 cents.

— June 29, 1980, 60 cents.

— July 4, 1981, 75 cents.

— Jan. 1 1984, 90 cents.

— Jan. 1, 1986, $1.

— Jan. 1, 1990, $1.15.

— Jan. 1, 1992, $1.25.

— Nov. 12, 1995, $1.50.

— July 4, 1998, unlimited-ride MetroCards introduced. A 30-day card costs $63.

— May 4, 2003, single-ride $2. 30-day card $70.

— Feb. 27, 2005, 30-day card $76.

— March 2, 2008, 30-day card $81.

— June 28, 2009, single-ride $2.25, 30-day card $81.

— Dec. 30, 2010, 30-day card $104.

— March 2013, single-ride $2.50, 30-day card $112, added $1 charge to buy a new MetroCard.

— March 2015, single-ride $2.75, 30-day card $116.50.

 

Table courtesy Associated Press

Source: The National Herald
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