Conversely, ridership on the subway, New York City Transit (NYCT) buses, and commuter rail remain down by considerable margins (although 50% of transit ridership still represents more trips and people than 100% of cars). The trend is especially troubling because the MTA and New Jersey Transit (NJT) have historically depended on fares to fund approximately 40-45% of their operations. They have also been starved for riders as travel remains well below pre-pandemic levels.
Federal aid for transit agencies has softened the worst of the blow from COVID-19, but long term investments have been difficult to fund. For example, congestion pricing (the plan to charge drivers heading South of 61th in Midtown, which has been scheduled to support the MTA Capital Plan for $15 billion in funds) is unlikely to start until 2023, long after its originally scheduled start date. This will delay much needed investments to modernize the system’s signals, accessibility and expansion to transit-starved parts of the city.