Transit ridership in November 2020 was 63.1 percent less than in 2019, according to data released yesterday by the Federal Transit Administration. That was down from October, which was 62.7 percent less than in 2019, and September, which was 62.0 percent less than in 2019. These numbers are preliminary as a few agencies may not have submitted their November ridership numbers in time for this report, but ridership has been stuck at around 37 percent of 2019 numbers since July.
While private businesses have scrambled to cut costs in response to the pandemic, transit agencies continue to operate at 80 percent of 2019 levels. Agencies, of course, received a $25 billion bailout from Congress in April. Since total transit fares were only about $16 billion in 2019, most of this bailout was predicated on the assumption that the state and local taxes that transit agencies rely on would significantly drop due to the pandemic and associated shutdowns.
In fact, state and local tax revenues in the first nine months of 2020 were just 1 percent less than in the same period in 2019. While we don’t yet have exact data for transit systems, it seems likely that transit agencies were awash with cash in 2020 due to the huge federal bailout. This allowed them to maintain service at 80 percent of 2019 levels despite losing more than half of their riders over the year. Continue reading
