The city’s ferry system is taking taxpayers for a ride, with each individual trip costing $10.73 more than passengers pay, according to a government watchdog.
In a report titled “Swimming in Subsidies,” the Citizens Budget Commission said the $2.75 fare covered just about one-fifth of the cost of the waterborne-transit system.
The $10.73 subsidy is 10 times the $1.05 that the government kicks in for each subway trip, which costs the same $2.75.
And it’s nearly twice the $5.46 paid to subsidize each trip on the free Staten Island Ferry.
It was only a few months ago that city officials pegged the ferry subsidy at $7 to $8 a ride.
A planned expansion of the ferry system will hit taxpayers even harder.
A Coney Island line due in 2021 will need an eye-popping $24.75 per passenger from the city to stay afloat, the CBC estimated.
“They have created a ferry network that serves a small number of New Yorkers, is expensive to operate and requires a high subsidy that will only grow higher,” said CBC researcher Sean Campion.
The ferries carried 4.1 million passengers last year, less than the subways did in on an average day.
City Comptroller Scott Stringer’s recent warnings about massive waste at NYC Ferry were alarming enough. But a Citizens Budget Commission report out Thursday truly, uh, rocks the boat.
For every ferry ride, the CBC found, the city kicks in an average of $10.73 of its own funds to meet costs. Every ride!
And, to be clear, that $10-plus is on top of the $2.75 fare.
That’s 10 times the average subsidy for the New York City Transit system. And double the one for the Staten Island Ferry.
And get this: A new route Mayor Bill de Blasio recently announced will run from Coney Island to Wall Street — and cost the taxpayers a mind-numbing $24.75 in subsidies for every ride.
That’s $247.50 for five round trips a week — or $12,375 a year. Is the mayor nuts?
Based on Kelly Blue Book figures, de Blasio could buy each regular commuter a late-model Jaguar XE and save more than $2,000 a year on each one. Or put three riders in an Uber: The cost of that trip at 1:30 p.m. Tuesday was $35. Even with a $10 tip, the city could save $5,000 a pop each year. What in the blue seas is he thinking?
We all know damn well this mayor has no modicum of fiscal sense or is even capable of thinking. But there is something that wasn't mentioned in the CBC report and that is the free shuttle bus service that acts as a transfer to and from the ferries that traverses east and west Rockaway...
...which are also operated by Hornblower