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Get your extra quarters ready: The MTA board voted 12 to 1 this morning in favor of raising subway and bus fares from $2 to $2.50 per ride, even though the agency also plans to carry out a round of service cuts and shut down certain bus routes and extend the length of wait time between trains. On the bright side, if you were one of the unfortunate souls to lose your job this week, this news shouldn't faze you much, since you won't have to worry about commuting from now on. [NYDN]