MTA votes in favor of new fare hikes

The MTA board voted in favor of new fare hikes today, meaning New York City commuters will have to pay more for their MetroCards.

The board says the nearly 17-percent hike is necessary to plug an $800 million budget gap. The changes include increasing single-ride tickets by 25 cents and unlimited monthly passes will go up $15.

The MTA is also eliminating the unlimited one-day and 14-day MetroCards.

The changes are expected to take effect on Dec. 30.

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