Where Our Money Comes From
In total, the MTA will take in $16.725 billion in 2019. The MTA's largest funding source is revenue we collect from customers. 50% of our revenue come from tolls (money paid crossing bridges and tunnels) and Farebox Revenue (money paid to ride subways, buses, and trains). We get some dedicated revenue and subsidies from the cities and states we serve. For a complete look at our current and past budgets, review our financial documents.
Where Our Dollars Go
The MTA’s Operating Budget funds the day-to-day costs to run subways, buses and trains, and operate our seven bridges and two tunnels. The charts below break down where the dollars go by category (left) and by agency (right).
How we spend money, by category
The majority of our Operating Budget is spent on the more than 70,000 workers required to keep New York moving 24/7. This includes salaries, overtime, retiree pensions, and healthcare. A quarter of the budget goes to Non-Labor costs — things like maintenance equipment, software, and other basic expenses that every business needs to operate efficiently. About a third of non-labor costs are electricity and fuel to run our buses, subways and trains; and paratransit services. The remainder goes to Debt Service — repaying the money we borrowed to help fund the MTA’s capital investments.
How we spend money, by agency
MTA New York City Transit is the largest agency in terms of number of employees and size of operations. As such, the majority of our spending funds their operations to move 5.2 million riders every day. Long Island Rail Road and Metro-North Railroad receive approximately 18% of our funds. Bridges and Tunnels receives approximately 5%. MTA Headquarters and the MTA Business Service Center receive funding essential to run centralized functions including IT, Human Resources, Legal, Marketing, Operations Planning, and executive management. MTA Headquarters also includes the MTA Police Department.
Our Financial Outlook
Based on our best projections, operating expenses will accelerate over the next several years due to increasing debt service costs and growing pension and healthcare liabilities.