Bloomberg Talks MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion
15 snips
Aug 19, 2025 Jai Patel, the Chief Financial Officer of the MTA, is on a mission to steer public transit towards a sustainable future. She dives into the complex world of fare increases and the ongoing recovery of subway ridership post-pandemic. Patel highlights the challenges posed by fare evasion and outlines enforcement strategies. She also discusses bold proposals for fare-free bus systems and the implications of congestion pricing. Tune in for insights on balancing finances while enhancing the commuter experience in New York City!
AI Snips
Chapters
Transcript
Episode notes
Ridership Recovery Pace Differs By Mode
- The MTA projects subway ridership recovering to about 80% of pre-COVID levels by 2029.
- Railroads have rebounded faster at roughly 85% recovery today, exceeding initial expectations.
Use Predictable, Small Fare Increases
- Use small predictable fare increases to keep the MTA's financial plan balanced.
- The MTA typically applies a 2% fare increase every other year to spread burden equitably.
Improve Reliability And Safety To Win Riders
- Bring riders back by delivering reliable on-time service and improving safety.
- Measure customer satisfaction and public safety to guide service improvements.