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.
