Not sure where you get that from. Most systems operate at a major loss and are propped up by grants/government funding. Typical targets for operating are ~1/3 of costs are covered by rider fares with the rest coming from grants or government funding.
Since the thread talks about NYC, I pulled this - MTA Budget. In it they state:
In a normal year, farebox revenue
constitutes approximately 40 percent of the MTA’s annual budget, or $6.5 billion
All told, their total operating revenue was 9.9bil, operating expenses were 13.1bil without including depreciation and pensions,etc which brought it to 16.1bil. that doesn’t include any improvements (capital) works or their debt servicing.
Not sure where you get that from. Most systems operate at a major loss and are propped up by grants/government funding. Typical targets for operating are ~1/3 of costs are covered by rider fares with the rest coming from grants or government funding.
Since the thread talks about NYC, I pulled this - MTA Budget. In it they state:
Thank you for getting those numbers. I appreciate knowing that fairs are far larger than the $150 million spent in enforcement (3 had wondered.)
Do those numbers include advertising revenue? My city including ad revenue makes a small profit and they’re thinking of doing the free fair thing.
Appendix A in the report does.
All told, their total operating revenue was 9.9bil, operating expenses were 13.1bil without including depreciation and pensions,etc which brought it to 16.1bil. that doesn’t include any improvements (capital) works or their debt servicing.