The Los Angeles County Metropolitan Transportation Authority announced last week that it was considering a number of fare-restructuring options that would increase fares, change its current transfer policy and help the bus and rail operator address its mounting operating deficits.

Currently, all Metro rides are $1.50 per one-way ticket, a fee that officials say only covers 26% of the cost of operating the buses and trains. In a report released Friday, Metro asked for the public’s input on two options, the first of which calls for a gradual increase in base fare to $1.75 for the next four years with an eventual rise to $2.25 after eight years. A second option incorporates dual pricing for off-peak and peak hour riding with a final base fare of $3.25.

Read the complete story at the Long Beach Post.