New York City subway and bus fares would increase by 50% by 2023 if the Metropolitan Transportation Authority continues its pattern of 8.4% fare increases biennially, according to the Independent Budget Office.

Under this scenario, the current $2.50 base fare would reach $3.75 in 2023. In inflation-adjusted 2013 dollars, that would be a base fare of $2.87, the nonprofit watchdog agency said in a report compiled for the Straphangers Campaign ridership lobbying group.

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