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In the beginning of 1955, it was reported that the NYCTA's surface operations cost seven million dollars more to operate annually than it collected in revenue from the fare box. By privatizing the surface operations, and as a result focusing on subways, the NYCTA could then meet its operating costs.
As of 2018, the New York City Subway's budgetary burden for expenditures was $8.7 billion, supported by collection of fares, bridge tolls, and earmarked regional taxes and fees, as well as direct funding from state and local governments.
On June 15, 1953, the NYCTA was founded with the aim of ensuring a cost-covering and efficient operation in the subways. [80] There was a need to overhaul rolling stock and infrastructure of the once-private routes, especially for the IRT, where nearly all of the infrastructure was aged.
Below are the fares charged for single boardings on the transit lines and predecessors of the New York City Transit Authority (NYCTA). Different combinations of transfer privileges and the abolition of double fares to the Rockaways have altered these fares from time to time.
There are four track geometry cars on the New York City Subway that measure the system's track geometry to ensure that safe train operation is maintained. The cars are numbered TGC1–TGC4. TGC1 was ordered under contract R59 in 1984 for $1.4 million, TGC2 was ordered under contract R63 and cost $2.5 million,.
The E and F began running eleven-car trains during rush hours on September 8, 1953. The extra train car increased the total carrying capacity by 4,000 passengers. The lengthening project cost $400,000. The operation of eleven-car trains ended in 1958 because of operational difficulties.
In the preliminary 2011 budget, MTA forecasted operating revenue totaled at $6.5 billion, amount to only 50% of the $13 billion operating expenses. Therefore, the MTA must rely on other sources of funding to remain operational.
In April 1992, the MTA Board approved the proposed change to service in the Rockaways, which were expected to encourage ridership growth in the long term, and reduced NYCTA's annual operating budget by $20,000.
In addition, the MTA began operating all elevators at all times; prior to the change, each elevator only operated if it was staffed by an elevator operator. The change took effect on January 20, 2004, and was expected to save $1.15 million a year.
The IND Culver Line (formerly BMT Culver Line) is a rapid transit line of the B Division of the New York City Subway, extending from Downtown Brooklyn south to Coney Island, Brooklyn, New York City, United States. The local tracks of the Culver Line are served by the F service, as well as the G between Bergen Street and Church Avenue.