Philadelphia's mass transit system has proposed an across-the-board 21.5% fare increase that would start New Year’s Day as well as severe service cuts that would take effect next summer. The Southeastern Pennsylvania Transportation Authority announced its plans on Tuesday and scheduled a Dec.

SEPTA officials are set to propose a "historically high fare increase" and "major service cuts" as the agency grapples with a $240 million budget deficit.

Sauer said there will be two public hearings on the fare increase proposals beginning on Dec. 13 as well as hearings scheduled in the spring or late winter on the looming service cuts.

Philly commuters could be kicking off the New Year with some hefty fees to get around the city. Here's a breakdown of the proposed SEPTA fare increases:

SEPTA officials say with no prospect of a statewide solution to ease its financial woes, the mass transit provider will announce a 'historically high' rate increase and cuts to services on Tuesday.