Planned Fare Hikes Coming For MTA Commuters

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NEW YORK (CBSNewYork) -- It looks like the cost of commuting is going up again.

A newly-released MTA financial plan says fare and toll increases are needed next year, CBS2 reported.

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The plan says subway riders could anticipate an increase of no more than four percent.

NEW YORK, NY - SEPTEMBER 14: People use the 7 train at a new subway station on September 14, 2015 in New York City. Known as "34th Street, Hudson Yards," it is accessed by the 7 train and is an extension of the 7 train from Times Square. It is the first new subway station to open in more than a quarter of a century. (Photo by Andrew Burton/Getty Images)

Exact amounts will be proposed this fall.

Public hearings will be held before the new rates take effect in March.

Commuters faced another toll hike in 2015, when base fare for subways and buses went up by 25 cents to $2.75. The price of a 30-day MetroCard jumped by $4.50 to $116.50. The cost of riding the Long Island Rail Road and the Metro-North Railroad both went up about 4 percent.