New York City commuters may soon face another increase in subway fares and tolls, according to a preliminary financial plan released by the Metropolitan Transportation Authority (MTA). The plan, which outlines the MTA's budget for 2027, suggests that fares and tolls will need to rise in order to cover the agency's growing expenses and debt. The MTA has faced significant financial challenges in recent years, including a decline in ridership and revenue from advertising and concessions. If the plan is approved, it could mean higher costs for the millions of people who rely on the city's subway system every day.
NYC subway fares, tolls could go up again in 2027 under MTA's new preliminary financial plan CBS News