Urban planners, politicians, and passenger advocates believe that the current system of funding public transit should be revamped.
The majority paradoxically believes that public transit should not have to pay its own way.
Again and again, public infrastructure proponents argue that with more money, mainly federal money, cities are able update their aging fleets, renovate worn out stations, improve service, add new lines, and make public transit more consumer friendly.
According to a report by the Congressional Budget Office called "Federal Financial Support for Public Transportation," in 2019 two thirds of transit agencies' income came from government, with 75 percent from states and localities.
Proponents of more funding for public infrastructure pin their hopes on the proposed congestion pricing for New York.
The report sheds light on the troubling fact of infrastructure projects by public enterprises.
The Interborough Rapid Transit Company was a private management company that had a subway franchise contract with the city that operated for many decades profitably until politics torpedoed a successful private solution to public transportation.
https://mises.org/wire/public-transit-projects-are-perfect-recipe-financial-disaster
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