New York MTA faces US$3bil hole in 2025


Low ridership: A man walks past a subway car covered with a Nickelodeon advertising in New York. Ridership has yet to match pre-pandemic levels, creating budget gaps for the MTA, the largest mass-transit provider in the United States. — AFP

NEW YORK: New York’s Metropolitan Transportation Authority (MTA) needs to boost fares above its expected 4% hike and may be forced to cut service and implement layoffs if state and city lawmakers fail to direct more aid to the system to help fix an estimated US$3bil (RM13.4bil) deficit in 2025, agency officials warn.

Ridership has yet to match pre-pandemic levels, creating budget gaps for the MTA, the largest mass-transit provider in the United States.

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NewYork , MTA , fares , ridership , budgetdeficit

   

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