The MTA board made it official Tuesday, formally voting to approve its plan to raise the NYC subway and bus fare by 10 cents in January.

Per the approval, made during the board’s monthly meeting on Sept. 30, a ride on the subway or bus will increase from $2.90 to $3; reduced fare rides would increase from $1.45 to $1.50.

The express bus fare will increase by a quarter, from $7 to $7.25, and the reduced fares during off-peak hours will jump from $3.50 to $3.60.

The MTA board also voted “yes” to lower the price of its seven-day subway and bus fare cap.

Per the approval, the unlimited OMNY fare cap price will be slashed by $1. The current $34 cap will increase to $35, rather than the originally proposed two-dollar increase to $36.

Under the cap, customers pay for 12 rides within a seven-

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