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When the New York City Transit Authority was created in July 1953, the fare was raised to 15 cents (equivalent to $1.71 in 2023) and a token was issued. [ 90] In 1970 the fare was raised to 30 cents. [ 91] This token is 23mm in diameter with a Y cut out, and is known as the "Large Y Cutout".
Reduced-fare OMNY was finally activated in October 2022, although it was not available to Fair Fares riders and students. [ 67 ] [ 68 ] The MTA indicated in September 2023 that OMNY usage was highest in gentrified areas with young, white, and well-off populations.
August 2, 2024 at 10:55 AM. NEW YORK CITY - The MTA says the number of riders getting away with a free ride on the buses in NYC is spiking, costing the cash-strapped agency hundreds of millions of ...
Fares can be paid with most credit or debit cards using the OMNY readers, with a reusable MetroCard, [184] or with single-use tickets. The MTA offers 7-day and 30-day unlimited ride programs that can lower the effective per-ride fare significantly. [186] Reduced fares are available for the elderly and people with disabilities. [17] [187]
Boarding New York City subways and most of its buses will cost another 15 cents before the summer is out under an MTA plan approved Wednesday that raises the base fare to $2.90. The MTA board in a ...
Mass transit ridership in New York City is down roughly 40% from before the pandemic. Transit fares before the pandemic accounted for some 38% of the MTA’s $17 billion in annual revenue.
A reduced fare program refers to special programs providing particular passengers with a discounted fare option for travel on a public transport system. In the United States, public transportation systems that receive federal funding are required to offer, at minimum, half fares to the elderly and handicapped persons during off peak travel. [1]
Fares made up, on average, 12.5% of transit agencies’ operating expenses in 2021, down from 31.4% in 2019, according to the American Public Transit Association.