Ridership on New York City’s subway system is off to a sluggish start this year, putting the Metropolitan Transportation Authority’s budget at risk with farebox revenue $170 million below budget.
The MTA’s subways and buses carried 301.5 million people in the first three months of 2022, which is 67.4 million riders or 18% short of budgeted estimates, according to MTA data. That affects farebox collections, which totaled $843.2 million through March 31 on the MTA’s network of subways, buses and commuter rails—$170.2 million below budget.
Ridership will need to increase this year to avoid a deficit, as the MTA’s spending plan assumes that farebox collections and ridership will
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