To the surprise of almost no one, the MTA Wednesday officially proposed an 8 percent transit and bridge toll rate hike for next June followed by another 5 percent hike to take place in January of 2011.

The transit authority says the hikes are necessary due to rising fuel costs and a decline in real estate revenues. If the hikes are approved, they would be coupled with a previous increase that just took effect in March.

Prior to the announcement, both New York City Mayor Michael Bloomberg and New York Gov. David Paterson spoke out against the move. Gov. Paterson says another increase "is not wise," while Mayor Bloomberg says he will not support another fare hike unless the MTA tightens its belt.

The MTA maintains the budget issued Wednesday is preliminary and that it is tightening its belt. However, the MTA says it wants help from the state and federal government and may not go through with fare increases if it gets it.

The MTA wouldn't say whether the base subway and bus fare of $2 might go up to $2.25. The budget will be voted on in December.

Click to see more about how the MTA could prevent hiking fares

Farehike looms for LIRR commutersGov.Paterson blasts MTA over possible fare hikes

MTALongIsland Rail Road Commuters Council