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    MTA 2023 Fare Hike Proposal

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    See the MTA's proposed subway and bus fare hike proposal, which also would include fare hikes for Metro-North and LIRR riders, as well as hikes at bridges and tunnels.

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    MTA 2023 Fare Hike Proposal

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    CBSNewYork Scribd
    511 views12 pages
    See the MTA's proposed subway and bus fare hike proposal, which also would include fare hikes for Metro-North and LIRR riders, as well as hikes at bridges and tunnels.

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    See the MTA's proposed subway and bus fare hike proposal, which also would include fare hikes for Metro-North and LIRR riders, as well as hikes at bridges and tunnels.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    511 views12 pages

    MTA 2023 Fare Hike Proposal

    Uploaded by

    CBSNewYork Scribd
    See the MTA's proposed subway and bus fare hike proposal, which also would include fare hikes for Metro-North and LIRR riders, as well as hikes at bridges and tunnels.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 12

    Update on 2023 Fare and Toll Change May 22, 2023

    Presentation to Finance Committee


    What’s changed since the December financial plan?

    In the State budget, Governor Hochul and the legislature provided


    $65 million to bring the planned 2023 fare change in line with the
    standard biennial 4% increase in fare revenue, rather than 5.5%.

    The planned 5.5% toll revenue increase remains in place.


    Returning to pattern of modest, biennial fare increases

    Fare & toll revenue increases since 1980


    25%

    20%
    MTA Board adopts
    biennial fare increase policy
    15%

    10%
    Toll increase only
    5%

    0%
    80 81 8 2 83 84 85 86 87 88 89 90 91 92 9 3 94 95 9 6 97 98 99 00 01 0 2 03 0 4 05 06 0 7 08 09 10 11 12 1 3 14 1 5 16 17 1 8 19 20 21 22 23 24 25
    19 1 9 1 9 19 1 9 19 19 19 19 19 19 19 19 19 19 1 9 1 9 19 1 9 19 2 0 20 20 20 20 20 2 0 2 0 20 2 0 20 2 0 20 20 20 20 20 2 0 20 20 2 0 20 20 20 20 20

    Small, frequent fare & toll • Avert radical fluctuations and mitigate impacts on customers
    adjustments: • Address expenditure growth
    • Add predictability to the revenue stream
    3
    Market Research (NYCT)

    Unlimited pass customers are generally more low- and middle-


    income. This is particularly pronounced for 7-day pass users.
    100%
    4%
    11%
    90% 20% 9%
    24%

    80% 14%
    24%
    70%
    28%
    60% 29%

    41% 23%
    50%
    18%
    40% 18%

    30% Under $30,999


    30%
    19%
    $31,000 - $67,999
    20% 20%
    32% $68,000 - $99,999
    10% $100,000 - $199,999
    15% 12%
    10%
    Over $200,000
    0%
    OMNY Pay-Per-Ride 7-Day Unlimited 30-Day Unlimited
    MetroCard, SRT &
    Other
    Market Research (NYCT)

    OMNY market share continues to grow,


    benefiting both our customers and the MTA
    MTA launches 7-day “best
    fare” promotion on OMNY

    100%
    April 2023 fare product market shares
    90%
    PPR
    80% Metro
    Card
    70% 30% OMNY
    41%
    60%

    50%

    40%
    SRT+Ca
    30% sh
    3%
    20%
    30 Day 7 Day
    10% 14% 13%

    0%
    9 9 9 9 0 0 0 0 0 0 1 1 1 1 1 1 2 2 2 2 2 2 3 3
    -1 l-1 -1 -1 -2 -2 -2 l-2 -2 -2 -2 -2 -2 l-2 -2 -2 -2 -2 -2 l-2 -2 -2 -2 -2
    ay Ju ep ov Jan ar ay Ju ep ov Jan ar ay Ju ep ov Jan ar ay Ju ep ov Jan ar
    M S N M M S N M M S N M M S N M

    Single Ride/Cash Pay-Per-Ride MetroCard OMNY


    7 Day 30 Day
    Market Research (Commuter Railroads)

    The fare product with the largest share of high-income


    customers is the 20-trip
    LIRR

    100%
    10%
    15% 17%
    90%
    28%
    15% 35%
    80%
    48%
    23% 21%
    70%
    16%
    60%
    37% 21% 23%
    50% 32%
    29%
    40%
    33% Over $200,000
    30%
    26% 26% $100,000 - $199,999
    18% 14%
    20% $68,000 - $99,999
    30% 11% 11% $31,000 - $67,999
    10% 12%
    15% 14%
    6% 7% Under $30,999
    4% 2%
    0%
    Monthly Weekly 20-Trip 10-Trip CityTicket One-way or
    round trip
    Market Research (Commuter Railroads)

    20-trip tickets and more monthly/weekly passes


    since MTA reinstated peak fares & launched new promotions
    MTA stops collection MTA reinstates peak fares and
    LIRR of peak fares offers new fare promotions

    100%
    April 2023 fare product market shares
    90%

    80%

    70% Passes
    Single/Round
    Trips 40%
    60%
    46%
    50%

    40%

    30%

    20%

    10% 10-Trip 20-Trip


    6% 7%
    0%
    19 19 19 19 19 19 20 20 20 20 20 20 21 21 21 21 21 21 22 22 22 22 22 22 23 23
    a n- ar- ay- ul- ep- ov- an- ar- ay- ul- ep- ov- an- ar- ay- ul- ep- ov- an- ar- ay- ul- ep- ov- an- ar-
    J M M J S N J M M J S N J M M J S N J M M J S N J M

    Passes 20-Trip 10-Trip Single/Round Trips


    Fare Proposals

    NYCT fare proposals – 4% revenue yield

    Subways, Local Buses, and Paratransit Express Bus


    Proposed Fare (2023) Proposed Fare (2023)
    Ticket Type Current Fare Ticket Type Current Fare
    $ % $ %

    Base Fare $2.75 $2.90 5% Base Fare $6.75 $7 4%

    7-Day $33 $34 3% 7-Day $62 $64 3%

    30-Day $127 $132 4%


    Fare Proposals

    LIRR and Metro-North fare proposals – 4% revenue yield

    Proposals, All Zones

    Ticket Type Proposal

    Monthly  Average 4.3% increase (includes $500 cap)

    Weekly Average 4.3% increase

    One-Way Peak  Average 4.6% increase

    One-Way Off-Peak Standardize discount across Railroads to 26%

    10-Trip Off-Peak Discount maintained at 15% off one-way off peak


    Fare Pilots

    Fare pilots under consideration

    Current Pilot Proposal

    Railroads

    Peak CityTicket @ $7 Introduce as pilot

    Weekday Off-Peak CityTicket @ $5 Keep as pilot

    Atlantic Ticket Keep as pilot or eliminate

    Far Rockaway Ticket Introduce as pilot

    Combo Ticket Keep as pilot

    20-Trip Peak ticket @ 20% discount Keep as pilot or eliminate

    NYCT

    Modify pilot from Mon-Sun to


    OMNY Fare Capping
    rolling 7 day 
    Bridges and Tunnels Proposals

    Toll crossing scenarios – 5.5% revenue yield

    One-way toll, passenger vehicles

    Current Toll Scenario A Scenario B


    Crossing E-ZPass Tolls by Mail E-ZPass Tolls by Mail
    Tolls by
    E-ZPass
    Mail $ % $ % $ % $ %
    Robert F. Kennedy, Bronx-Whitestone, Throgs
    Neck, and Verrazzano-Narrows Bridges* $6.55 $10.17 $7.01 7% $10.88 7% $6.96 6% $11.19 10%
    Queens Midtown and Hugh L. Carey Tunnels

    Henry Hudson Bridge $3.00 $7.50 $3.21 7% $8.03 7% $3.19 6% $8.25 10%

    Cross Bay* and Marine Parkway Bridges $2.45 $5.09 $2.62 7% $5.45 7% $2.60 6% $5.60 10%

    *Rockaways/Broad Channel and Staten Island residents are eligible for resident discount rates on the
    Cross Bay Bridge and Verrazzano-Narrows Bridge, respectively
    Moving forward / next steps

    • Present to Finance Committee – Today

    • Issue notice of public hearings – Anticipated for May 2023

    • Conduct public hearings (hybrid) – Anticipated for June 2023

    • MTA Board vote on fare / toll changes – Anticipated for July 2023

    • Implement 2023 fare / toll changes – No later than Labor Day 2023

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