Get ready to dig a little deeper in your pocket to ride on MARTA. The transit agency board on Wednesday voted to raise one-way fares from $2 to $2.50 some of the highest rates in the nation.
The fare hike goes into effect on Oct. 2. When it does, a MARTA trip will cost more than a ride on the buses and subways of New York City, the nation’s largest transit system. The price of a monthly pass, will now cost $95.
According to the AJC, before 2009 the board went eight years without raising fares, in spite of inflation. And unlike New York’s transit agency, which charges $2.25 for a standard ride, as well as many other major systems, MARTA currently receives no financial operating assistance from the state, MARTA officials said.
Ever since the financial crisis hit, MARTA has been filling budget gaps by dipping into its reserves, which were expected to go dry in 2013. With improvement in the economy and the fare increase, they can now last at least through 2016, according to MARTA.
The new fare increase is expected to generate an additional $20.5 million in revenue over the next fiscal year, according to MARTA.