WMATA on Tuesday night held a public hearing in Rockville on a set of proposed Metro rate hikes for later this year.
Under the current proposal, the base Metrorail peak fare would increase from $2.10 to $2.20 and the base off-peak fare would increase from $1.70 to $1.75. The maximum fare, with distance charges added in, would increase from $5.75 to $6.00 for peak and from $3.50 to $3.65 for off-peak. Standard Metrobus fares could increase as much as a quarter.
The WMATA Board could decide to pursue smaller increases.
Fifty-two percent of the system’s proposed $1.76 billion operating budget for fiscal year 2015 is funded with passenger fares and parking, 45 percent is funded with state and local government contributions and 3 percent comes from other revenue sources.
The budget proposal includes a $44 million increase in funding from local governments and assumes a roughly $30 million bump in fare revenue from the fare hikes, not including any additional fare revenues generated by ridership growth from the soon-to-open Silver Line to Dulles Airport.