U.S. News

Ridership slump costs New York transit authority $100 million

A man wearing a Santa hat reads while waiting for a train in the subway station at Times Square in New York, December 21, 2009. REUTERS/Finbarr O'Reilly

NEW YORK (Reuters) - New York’s Metropolitan Transportation Authority carried 75 million fewer riders in the first 10 months of 2009 as employers cut jobs, costing the agency over $100 million of revenue, a report said Thursday.

“People don’t commute when they’re unemployed,” said state Comptroller Thomas DiNapoli in his report.

The MTA, which runs the city’s buses, subways, commuter rail roads and several major bridges and tunnels, is the nation’s biggest mass transit agency. But the city lost 110,000 jobs between October 2008 and October 2009, the Democratic comptroller said.

Reporting by Joan Gralla; Editing by Diane Craft