quote:
I wonder if the NYC Transit system actually makes a profit or breaks even with all the heavily subsidized public works projects for new tunnels in addition to fares it tries to collect.

Probably neither. Without looking I’d be surprised if it doesn’t lose money and need subsidy to remain active.

This post was edited on 11/6/25 at 9:31 am

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Posted by mmcgrath

Indianapolis

Member since Feb 2010

36887 posts

Posted on 11/6/25 at 9:32 am to trinidadtiger

quote:
a state agency

The MTA is not a state agency. It is a separate authority like the Port Authority. The governor and mayor (and a few others) get to nominate people to the board.

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Posted by Zgeo

Baja Oklahoma

Member since Jul 2021

2917 posts

Posted on 11/6/25 at 9:47 am to skullhawk

NYC voters are naive and uninformed

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Posted by SlickRick55

Member since May 2016

2636 posts

Posted on 11/6/25 at 9:50 am to skullhawk

quote:
I can't recall where I saw it, but 90% of what Mamdani wants to implement, he lacks the authority or the tax revenue to carry out.

That’s the typical “Mighty Mayor” syndrome. Always thinking they are way more powerful than they are.

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Posted by Tarps99

Lafourche Parish

Member since Apr 2017

11251 posts

Posted on 11/6/25 at 12:16 pm to CleverUserName

quote:
Probably neither. Without looking I’d be surprised if it doesn’t lose money and need subsidy to remain active.

That is my point if the NY Transit system is not profitable, then why not charge rates to make it profitable and fund future infrastructure.

I always wonder about these government systems that end up costing more to collect a toll or fee than generate revenue for the government.

By the time you add the bloat of transit police officers going after toll jumpers, toll collectors, IT workers running toll collection software, maintenance, and licensing, you probably could eliminate fares and make it free.

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