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As news of a bailout for the Metropolitan Transportation Authority spread throughout the city Monday night, many subway and bus riders in Midtown Manhattan liked the news that proposed fare hikes may not be as much as first thought.

"Fantastic, fantastic! That's what you want to hear," said a transit user.

Under the deal struck in Albany, it seems likely the cost of a MetroCard will still increase, but not by the previously-approved hike of almost 30 percent.

"I know it's hard, especially when we're working actors, so the idea of spending over $100 for a monthly unlimited pass is a little scary," said a transit user.

"As long as they can keep it down as much as possible, that would be good. I mean, they just went up not too long ago," said another.

"I really don't think the fare should be raised at all. I want to get really improved service," said a third.

While subway and bus riders may get a break, those who use taxis will pay more under the plan. The deal calls for a 50-cent surcharge on all rides, with the extra money going directly to the MTA to fund capital improvements.

The surcharge was initially one dollar, but many drivers are not happy about the additional charge.

"If you have a surcharge, you take the money away from the driver, because passengers will not give extra tip when they give extra charge," said a driver.

Many riders told NY1 the surcharge is not enough for them to avoid taking cabs, but drivers' fears of decreased tips may come true.

"I might be a little more conscientious about what I tip, but it is what it is," said a New Yorker. "We live in the city and we have to figure out how to pay for some of the services that we have here."

Despite the news of the bailout, with the MTA raising its budget shortfall by $670 million last week some still believe that more fare increases are in the near future.