The Vice of Making Losses

A recent staff presentation to the Washington Metro board’s finance committee revealed that the agency is expecting to run out of federal COVID relief funds in 2024 and anticipates a $187.5 million shortfall in funding that year. From then on, it anticipates funding shortfalls of more than $500 million a year, rising to more than $700 million by 2030.

With half of DC employees working at home, Washington Metro trains have been running nearly empty since the pandemic began. Photo by Elvert Barnes.

That’s if ridership recovers to 100 percent of pre-pandemic levels. If only 75 percent of riders return, shortfalls will range from more than $700 million in 2025 to more than $900 million in 2030. In fact, as of July, ridership was still less than 50 percent of pre-pandemic numbers. Continue reading