As announced earlier, the spending plan for the Metropolitan Transportation Authority comes with a four-year financial plan that calls for fare increases of about 4 percent in 2015 and 2017. Those increases were originally expected to be 7 percent, but were slashed in the spending plan, announced last month.
Most of the budget goes to New York City subways and buses. Metro-North Railroad’s share is $1.1 billion.
The MTA, the nation’s largest transit agency, also includes Long Island Rail Road and nine bridges and tunnels.
At the same time, fare increases are coming for the Rye and Port Chester stations in January. They will rise 2.5 percent for travel to and from Manhattan, as fares on the Connecticut portion of the New Haven Line increase 5 percent.