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Wednesday, May 17, 2023

NYC MTA Lost $690 Million Last Year Due to Fare And Toll Evasion

 

  • About 400,000 subway riders skip paying fares every day
  • Bus riders dodging payment account for largest share of losses

New York’s Metropolitan Transportation Authority, the biggest mass-transit provider in the US, lost $690 million last year due to fare evasion, according to a new report.

The operator of New York City’s subways, buses and commuter rail lines as well as seven bridges and two vehicle tunnels is losing revenue as it works to restore ridership and farebox collections to pre-pandemic levels. Weekday subway ridership is about 70% of 2019 usage and the report estimates that 400,000 riders enter the subway system every day without paying. 

https://www.bloomberg.com/news/articles/2023-05-17/nyc-mta-lost-690-million-in-2022-due-to-fare-and-toll-evasion

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