The MTA needs billions in new funding by 2025 to avoid dire cuts to mass transit service in and around New York City, agency officials said Monday.
Before the pandemic, rider fares and driver tolls covered about 40% of the agency’s roughly $18 billion in annual operating expenses. But new ridership projections show that model is no longer sustainable.
New projections now show that the MTA faces a $2.5 billion funding shortfall come 2025, giving lawmakers precious little time to find new funding sources to prevent service cuts and layoffs that would hamper New Yorkers’ ability to move in and around the city.
“The new dedicated funding is necessary to avoid what we’re all trying to avoid,” said Metropolitan Transportation Authority Chief Financial Officer Kevin Willens. “Large fare increases, service cuts and layoffs.”
The MTA previously estimated ridership on the the agency’s subways, buses and railroads would reach 77% of prepandemic levels in 2022, bumping up to 86% in 2023. But the spread of the omicron variant over the winter halted many companies’ plans to return to in-person work, tanking those estimates.
The MTA now projects just 61% of those riders will be back on trains and buses this year — with just 69% of them returning in 2023.
Transit officials on Monday did not lay out what new funding sources they seek, but said planned fare hikes for 2023 and 2025 wouldn’t be enough to cover the shortfall.
Cell service is coming to New York City's subway tunnels.
On Monday, MTA CEO Janno Lieber told CBS2 the agency is rolling out a 10-year plan to install equipment that will let riders use cellphones in all underground tunnels.
Lieber said the $1 billion investment also includes installing Wi-Fi service at all above-ground stations.
Transit Wireless CEO Melinda White said in a statement, "Expansion of the riders' connectivity through the tunnels and across the above ground stations shows the MTA's ongoing commitment to the rider experience."
The upgrade comes as the MTA is strapped for cash. The agency is moving what it calls its "fiscal cliff" up one year sooner, since outside projections of ridership returns fell short.
The MTA is turning to the federal government for more money, saying the pandemic relief funding will now run out in 2024.
The agency says a full return to ridership may not come until 2035 or later. No doubt, officials hope advancements, like adding Wi-Fi, get more people underground sooner.









