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> Public transit is almost never intended to operate at a profit. Fiscally sustainable does not have to mean turning a profit or refusing to take any external
by koolba 3y ago
> Public transit is almost never intended to operate at a profit.
Fiscally sustainable does not have to mean turning a profit or refusing to take any external tax dollars for funding.
But it also can't be $3 billion over budget (on a $20 billion budget) every year with a fiscal timebomb about to go off when their COVID bailout expires: https://new.mta.info/budget/MTA-operating-budget-basics https://new.mta.info/budget/MTA-operating-budget-basics [1]
[1]: Same link from wayback machine from Dec 2023 in case the MTA changes it: https://web.archive.org/web/20231203043132/https://new.mta.info/budget/MTA-operating-budget-basics https://web.archive.org/web/20231203043132/https://new.mta.i...