6 p.m. Update: The board of directors unanimously adopted the increases.
Original post: Metro’s board of directors is expected to vote Thursday on an increase in parking fees and an across-the-board boost in bus and rail fares.
The general meeting is scheduled to begin about 11 a.m., following a governance committee meeting and an executive session.
Metro has held six public hearings on the increases, which are intended to help close a $103 million deficit in its $2.5 billion budget for fiscal 2013. The fare increases would be scheduled to take effect in July. The transit authority would also seek larger operating subsidies from the District, Maryland and Virginia.
Metro’s base peak fare for rail riders would increase from $1.95 to $2.10. The maximum peak fare would increase from $5 to $5.75. The base off-peak rail fare would increase from $1.60 to $1.70. The maximum off-peak fare would be $3.50. Bus fares would increase by a dime, rising to $1.60 for those who use SmarTrip cards. Parking fees at Metro lots and garages would rise by 25 cents.