No Scenario in Which MTA Would Need to Declare Bankruptcy, CEO Foye Says

The video discusses the current state of MTA ridership, which has improved but remains below pre-pandemic levels. It highlights the financial challenges faced by the MTA, including revenue loss and increased costs, and the critical need for federal funding. The MTA is exploring cost-cutting measures but is not considering bankruptcy. The discussion also covers the MTA's role in adapting to the new normal, with more people working remotely, and the impact on future investments and capital plans.

What is the current average weekday ridership on subways and buses compared to pre-pandemic levels?

• 500,000 on subways and 700,000 on buses, compared to 6 million pre-pandemic

• 2 million on subways and 1.5 million on buses, compared to 8 million pre-pandemic

• 1.1 million on subways and slightly over 1 million on buses, compared to 7.6 million pre-pandemic

• 3 million on subways and 2 million on buses, compared to 9 million pre-pandemic

How much additional federal funding does the MTA need to cover its 2020 shortfall?

• $2.5 billion

• $5 billion

• $4.5 billion

• $3.9 billion

What is the first priority for the MTA in terms of cost-cutting measures?

• Reducing personnel expenses

• Cutting non-personnel expenses

• Increasing ticket prices

• Reducing service frequency

Why is declaring bankruptcy not an option for the MTA?

• State law prohibits it

• It would damage the MTA's credit rating

• Federal law prohibits it

• It would lead to service shutdowns

What is a significant change in commuting patterns that the MTA is considering for future planning?

• More people commuting from rural areas

• Decreased use of public transportation

• Increased use of bicycles

• More people working from home

How is the MTA ensuring the cleanliness of its services?

• By limiting service hours

• By frequently disinfecting subway stations and cars

• By increasing ticket prices

• By reducing the number of passengers

What is the focus of the MTA's capital investment?

• Bike lanes

• Subways and buses

• High-speed trains

• Commuter rails