The price of a subway or bus ride in New York City will increase to three dollars next year, after the MTA board voted to approve a fare hike Tuesday. LIRR and Metro North commuter rail prices are also going up .

The fare increase, approved in an 11-0 vote, will go into effect in early January.

Subway and bus rides will go up ten cents , from $2.90 to $3.00, and be capped at $35 over a seven-day period with the OMNY fare-payment system.

Express bus fares will go up 25 cents — from $7 to $7.25 — and be capped at $67 over a seven-day period.

On the LIRR and Metro-North Railroad , single ticket prices would increase by an average of 4.4%, and a maximum of 8%. Monthly and weekly tickets will go up 4.5%. The increases do not apply to the lines west of the Hudson operated by New Jers

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