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Jai Patel

๐Ÿ‘ค Speaker
137 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

And so we've made great strides on the subways.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

We've reduced fare evasion in over a year by 30%.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

We've dropped that rate from a high of 14% to 9.8%.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

So we know those efforts are working.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

On the buses, it's a little bit more difficult, but we're also working there.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

We've decreased fare evasion on our buses as well in the last year from 50% to 44%.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

Because all the tactics the president of New York City Transit is employing, we have Eagle teams that are on different bus routes to make sure that they are enforcing the pay your fare, right?

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

Our bus operators do their due diligence, but really our Eagle teams are enforcement out there riding different routes.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

and making sure customers pay their fare or they're getting a summons or they're getting off the bus.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

And that's how we're working towards that.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

um so right now um what we are doing is if you're boarding the bus you have to pay because there's two different ways you can pay right today is the metro card and the omni and when we go to full omni next year there's going to be proof of payment and so what you can do is european style proof of payment for customers is you can tap their phones or credit cards the method of payment to see if they paid their fare and if they didn't pay their fare

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

That's something that we'll work with on a summons or, you know, you need to pay your fare for our customer.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

And so that's something that's coming.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

We're really excited about that for Omni and proof of payment.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

But right now there's two different methods.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

And so we're working on different ways to

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

combat fare evasion.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

So we've heard the mayoral candidates proposal for a fare free buses.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

What I'd like to emphasize again is fare box revenue is important to the operations of the MTA.

Bloomberg Talks
MTA CFO Jai Patel Talks Ridership Recovery, Fare Evasion

It's 26 percent of our revenue and buses is about a billion dollars in the out years of revenue for for the MTA bus.