The agency says it needs to raise fare and toll revenues by 23% in order to plug a budget gap worsened by the global financial crisis.
Board members say they still hope for a bailout from Albany or Washington that might allow them to avoid the increases.
Details of the hikes and cuts won't be finalized until early next year.
Under the worst-case scenario, a single bus or subway ride could rise to $2.50, and a monthly pass could cost around $100. Service cuts would include the elimination of bus and subway lines in areas where there is either low ridership or a duplication of services.
Live your values. Love your country.
And, remember: TOGETHER, We can make a DIFFERENCE!