New York City subway and bus fares are expected to go up to $3 on Jan. 4, MTA officials announced during the agency’s monthly board meeting Wednesday.

With a full transition to OMNY, the MTA announced it would also eliminate the 30-day unlimited fare option, making the 7-day fare cap the only way to get unlimited rides.

“It was a breakthrough three decades ago, but they’re regressive, use it or lose instruments, we’re just done with them,” Jessie Lazarus, the MTA's deputy chief for commercial ventures.

The proposed changes must be approved by the MTA board.

The new fare increase also raises the cost of the fare capping program– the amount riders can spend on subway and bus fares over a seven-day period at $36, up from $34 now, so long as they tap to pay with the same smartphone or cred

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