The MTA on Wednesday announced two proposals for its next round of fare hikes for the next two years.
Thanks to a better economic forecast for the MTA, the agency said this round of biennial fare and toll increases will be "the lowest since 2009."
"The MTA continues to keep its promise to make sure that fare and toll increases, while necessary to keep our system running, remain as low as possible and that they are done in as equitable way as possible," MTA Chairman Tom Prendergast said in a statement.
The two options on the table weigh either increasing base fares or keeping them in place while decreasing purchase "bonuses." Under either proposal, monthly cards would increase from $116.50 to $121 and and seven-day cards would increase from $31 to $32.
One option, called Plan A, would leave single-ride fares at $2.75 and express bus fares at $6.50. Bonuses would decrease from 11% with $5.50 purchase to 5% with $5.50 purchase.
The other option, Plan B, would bring a 25-cent increase increase for base Metrocard and 50-cent increase for express bus fares. Bonuses would be set at 16% with $6 purchase.
Both proposals will increase fares and tolls by just under 4% for the next two years.
The MTA will hold nine public hearings on the proposals across the region beginning in December. The agency's board will vote on an option in Janurary, with the new prices taking effect on March 19.