Granted, it’ll still be getting more expensive, just slightly less so: after a recent comptroller’s report turned up a “surprise $1.9 billion budget surplus” (how could that much money ever be a surprise?), it was suggested that the MTA “reexamine the scheduled increases in fares,” and it did just that.
The result? Planned fare increases scheduled for 2015 and 2017 will now raise prices 4 percent, instead of 7.5 percent. All told, it’ll save you about $5 per month if you buy the 30-day unlimited card. It’s not gonna solve the inequality crisis or anything, but also, not the worst news we’ve heard today.
Follow Virginia K. Smith on Twitter @vksmith.