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The cost of a single subway, bus or paratransit ride will hit $3 for the first time come January, after the MTA board on Tuesday approved the latest in a series of every-other-year increases.

The MTA had avoided hitting the 3-buck milestone in recent years, despite previous proposals to reach the mark that stretched back nearly a decade.

MTA Chairperson and Chief Executive Janno Lieber acknowledged that any bump in fares is “always painful,” while contrasting what amounts to a 2% annual increase with double-digit fare hikes elsewhere in the country.

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