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Business

‘Tough decisions’ await MTA if transit ridership and revenue don’t fully rebound in two years, DiNapoli warns

By Robert Pozarycki Posted on October 6, 2022
DSC02134-1200×800-1

Time’s running out for the MTA to get its fiscal house in order — and riders back to using public transit at pre-pandemic levels — before the bottom falls out, according to state Comptroller Tom DiNapoli.

New York state’s financial watchdog released a report Thursday indicating that the operator of the New York City metropolitan area’s public transit system has two years to fully restore ridership to pre-pandemic levels and, more importantly, rebuild fare revenue. That two years coincides with the billions of dollars in federal COVID-19 aid the MTA received, which is due to run out in about 24 months. 

See the full article at amNY

‘Tough decisions’ await MTA if transit ridership and revenue don’t fully rebound in two years, DiNapoli warns

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