Like San Francisco BART, the DC Metro rail system is facing a fiscal cliff, with a $750 million projected shortfall in operating funds in 2025. So why is the agency considering spending tens of billions of dollars on a new rail extension that will increase annual operating costs by $200 million?
For a mere $40 billion or so, DC Metro Rail can go from this. . .
Like BART, DC’s rail system historically has covered a high percentage of its operating costs with fares. Though that has declined from 68 percent in 2011 to 48 percent in 2019, the agency was still more vulnerable to ridership declines than agencies such as San Jose’s VTA, which before the pandemic covered less than 10 percent of its operating costs out of fares. Continue reading
