NYC Transit's Budget: A Deep Dive into the Costs of Keeping the City Moving
Bloomberg.com4 days ago
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NYC Transit's Budget: A Deep Dive into the Costs of Keeping the City Moving

TRANSPORT
transit
budget
nyc
subway
costs
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Summary:

  • Security guards cost $21.20 per hour to combat fare evasion.

  • Subway conductors earn about $72,126 per year (including benefits).

  • Replacing a single subway car costs $4 million.

  • The article highlights the immense financial challenges of maintaining NYC's transit system.

NYC Transit's Hidden Costs: From Turnstile Jumpers to New Subway Cars

Every morning, Jai Patel's commute offers a unique perspective – a firsthand look at the staggering costs of running New York City's vast transit system. Consider these figures:

  • Security Guards: Just one guard at a subway station costs $21.20 an hour to deter fare evasion, which costs the system millions annually.
  • Subway Conductors: The annual salary for a conductor is approximately $72,126, including benefits.
  • Subway Car Replacements: Replacing just one of the hundreds of aging subway cars costs a whopping $4 million.

These are just a few examples of the many expenses that contribute to the complex budget of NYC's transit system. The sheer scale of the system, and the constant need for maintenance and upgrades, presents a significant financial challenge for the city.

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