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New York MTA Misses Its Fare Revenue Target by $170 Million

  • Transit system carried 67.4 million fewer riders than expected
  • Omicron variant and crime keep riders off the system
Commuters at a subway station in New York. 

Commuters at a subway station in New York. 

Photographer: Mark Kauzlarich/Bloomberg

Ridership on New York City’s subway system is off to a sluggish start this year, putting the Metropolitan Transportation Authority’s budget at risk with farebox revenue $170 million below budget.

The MTA’s subways and buses carried 301.5 million people in the first three months of 2022, which is 67.4 million riders or 18% short of budgeted estimates, according to MTA data. That affects farebox collections, which totaled $843.2 million through March 31 on the MTA’s network of subways, buses and commuter rails -- $170.2 million below budget.