By Maria Rocha-Buschel
A report from government watchdog group the Citizens Budget Commission found that subsidies for the city’s ferry system are 10 times what the government pays for subway trips.
The New York Post reported last Thursday that according to the report, the city kicks in $10.73 for each individual ferry trip, compared to the $1.05 subsidy for each subway trip, despite the fact that the fare for both modes of transportation is the same at $2.75. And although the Staten Island ferry is free for riders, the subsidy per trip is almost half that of NYC Ferry’s at $5.46 because the operating costs for the service are lower.
Although the mayor’s office said that ridership for NYC Ferry service is expected to grow to nine million by 2023, its ridership of 4.1 million rides in 2018 is much lower than daily use of the subway. The report found that the subway, on which there were 2.7 billion trips in 2017, serves more people in a single day than the ferry serves all year.
CBC’s report notes that the subsidies are high because the operating costs are high due to the long routes and seasonal ridership, but also because revenue is low since the fare is pegged to the subway and bus fare. NYC Ferry recently announced an expansion that the report said will require even further subsidies, costing as much as $24.75 per ride for the Coney Island route.