NYC Subway Ridership Isn't Fully Back

Despite committing a record $11.4 billion in 2022 to revamp some of the busiest transit systems in the Western world, the MTA’s spending has slumped in the years since, dropping to $8 billion in 2023, and just $2.9 billion planned for this year. Interestingly, the agency reportedly claimed that the 2024 goal would have been $12 billion, were it not for pending litigation around the now-halted congestion pricing. 

Meeting budget might be even harder in the post-pandemic world too. Indeed, passenger usage of New York City’s public transport remains subdued relative to pre-2020: subway daily ridership was just over the 3 million mark last week, nowhere near the 5+ million in 2019.

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