New York’s MTA Running on ‘Borrowed Time,’ Comptroller Says
- Transit agency to use up $14.5 billion of federal aid by 2025
- Weekday subway ridership about half of pre-pandemic levels
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New York’s Metropolitan Transportation Authority, the largest U.S. mass-transit provider, is running on borrowed time, facing budget and revenue challenges as federal aid is set to tap out in 2025, state Comptroller Thomas DiNapoli, said in a report Tuesday.
Ridership sank on the MTA’s subways, buses and commuter rails during the coronavirus pandemic. Its subway system is still only carrying about half the number of weekday passengers it did in 2019. Recent severe weather has pummeled the transit network with record rainfall, flooding subway stations and suspending service.