Reported about 10 hours ago
As U.S. mass transit systems rebound from the pandemic, they now face a $6 billion shortfall due to reliance on fare revenue that hasn't fully returned to pre-COVID levels. Many agencies are contemplating fare increases and service cuts, fearing these moves could lead to declining ridership—a situation described as a 'death spiral.' Political and economic shifts, including federal spending cuts and inflation, add to the financial pressures on transit authorities, jeopardizing their ability to upgrade infrastructure and maintain reliable service.
Source: YAHOO