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New York MTA Warns It Will Slash Service, Raise Fares Without Federal Aid

  • Federal aid ‘our only option for survival,’ chief says
  • MTA may slash Metro-North and LIRR commuter service by 50%
    
Photographer: Jeenah Moon/Bloomberg
Updated on

New York’s Metropolitan Transportation Authority may cut subway and bus service by as much as 40% and boost fares by 5% in 2021 if the federal government fails to extend $12 billion of aid to make up for the revenue lost since the pandemic struck.

The possible service reductions and fare and toll increases by the nation’s largest mass-transit system would help the MTA balance a budget that’s losing $200 million a week. Its revenue collections are down 40% as people avoid taking subways, buses and commuter rail lines or work from home.