A few charts, along with some MTA editorializing, courtesy of the May 2018 MTA Board committee briefing book for the Transit Committee. The committee will be meeting in the morning to ostensibly discuss these materials, though it is anticipated that Andy Byford’s long-awaited subway rescue and Transit reorganization plan will take up the bulk of everyone’s attention. As these charts show, he has his work cut out for him.
And now a few brief thoughts: The MTA doesn’t really seem to know what’s driving these ridership declines. A bunch of months ago, New York Governor Andrew Cuomo claimed bus ridership declines were acceptable since subway ridership was on the rise, but it’s clear that’s not the case right now. Meanwhile, the agency has blamed the weather and higher fares for the declines in subway ridership and bus ridership respectively, but this seems to be a shot in the dark. Weather wasn’t noticeably worse over the past year, and subway ridership has been on a long-term decline as the city’s economy has seen job increases over the past 12 months. In my view, ridership is on the decline because service has been unreliable and unpredictable, and it’s creating a negative feedback loop in which more and more potential subway riders seek alternate means of travel.
Meanwhile, fare revenue for Transit from the start of 2018 through the end of March was around $38.3 million below expectations. If these trends continue throughout the year, the agency could be looking at an unanticipated budget gap of around $150 million. For an agency that operates on razor-thin margins, losing a significant chunk of ridership revenue could be a problem. For now, the MTA is adding subway service on some lines and focusing on ways to save the system. But it’s alarming that ridership is declining, the MTA doesn’t know why and any urgency around stopping the bleeding of paying customers seems nonexistent. Clearly this is a story worth watching as 2018 unfolds.