What to Know The board is expected to vote on the proposed hike in January

It would be the MTA's fifth fare hike since 2009

The last round of hikes took effect in March 2015

The MTA finance chairman is recommending a 4 percent fare and toll hike effective in early 2017.

Base bus and subway fares would rise from $2.75 to $3.00 under one of two proposals announced Wednesday. A monthly Metrocard would increase from $116.50 to $121, while a weekly card would go up just a dollar, to $32. Express bus fares would be $7.



Under an alternate proposal, base fare would remain the same, at $2.75, but bonuses would be reduced to 5 percent. It is currently 11 percent on purchases of $5.50 or more. The price of a monthly would also rise under this proposal.



The board is expected to vote on the proposed hikes in January. If approved, it would be the agency's fifth round of fare hikes since 2009.



The last round of hikes took effect in March 2015.



Earlier Wednesday, MTA Chairman Thomas Prendergast said "our belt tightening days are far from over," adding the agency would exceed $1.6 billion in cost savings through administrative cuts.

The MTA's full subway and bus proposal: