Two proposals for the subway and bus fare increase have been drafted by the MTA. The first would raise fares for subways and buses to $3 from $2.75, which would increase the MetroCard purchase bonus to 16 percent from 11 percent. The second would keep the current $2.75 fare, but drop the bonus to 5 percent.
Under both proposals, the price of a weekly MetroCard card would rise to $32 from $31, and a monthly card would increase to $121 from $116.50. Likewise, tolls on tunnels and bridges, and tickets for commuter rail lines, would increase by four percent.
The board is expect to vote on the hike in January 2017.