America's largest city is facing a monumental subway crisis

This post has been updated with the results of Thursday’s gubernatorial Democratic primary.

Subway delays in the nation’s largest city cost up to $389 million in lost productivity each year, according to the Office of the New York City Comptroller in October 2017, and city officials are increasingly sounding the alarm.

The problem has gotten worse since the comptroller data was collected in 2016. Naturally, transit dysfunction has become a central component of Thursday’s gubernatorial primary vote in the city.

“Our subway system is the backbone of our economy,” New York City Comptroller Scott Stringer said in a statement to Yahoo Finance. “That means with every delay, there aren’t just lives affected — there’s an economic consequence.”

Actor and New York gubernatorial candidate Cynthia Nixon rides the subway following a campaign event in the Brooklyn borough of New York City, June 1, 2018. (Photo: Brendan McDermid/Reuters)
Actor and New York gubernatorial candidate Cynthia Nixon rides the subway following a campaign event in the Brooklyn borough of New York City, June 1, 2018. (Photo: Brendan McDermid/Reuters)

‘It was in a state of emergency long before’

According to the “State of the Subways Report Card” for 2016 by the NYPIRG Straphangers Campaign, 16 subway lines worsened in terms of regularity in comparison to only four that improved.

In June 2017, Gov. Andrew Cuomo declared a state of emergency for the subways. He signed an executive order, pledging $1 billion for improvements. However, few improvements have been made since then.

Cynthia Nixon, who lost to Cuomo in Thursday’s primary, made fixing the MTA one of her main campaign issues.

Subway delays in the nation’s largest city cost up to $389 million in lost productivity each year, according to the Office of the New York City Comptroller in October 2017, and city officials are increasingly sounding the alarm.

“Frankly, it was in a state of emergency long before Gov. Cuomo finally declared it one,” Nixon’s campaign told Yahoo Finance in an email. The statement cited declining subway performance, delays becoming increasingly worse, slow-moving trains and poor on-time performance.

Earlier this year, the Wall Street Journal reported that an overhaul of the city’s subway and bus systems would take about 15 years and cost an estimated $43 billion.

Nixon says that she would “tax the rich to fix the subway.” Governor Cuomo’s office did not respond to multiple requests for comment.

Photo: Mark Lennihan/AP
Photo: Mark Lennihan/AP

‘The transit system is the lifeblood of the city’

Marc Molinaro, the Republican nominee who will face Cuomo on Nov. 6, recently released an MTA revitalization plan. He told Yahoo Finance that if elected, he intends to make the subway system “immediately” respond to the people.

“The transit system is the lifeblood of the city and is in a death spiral, both financially and structurally,” Molinaro said. “It’s been in a rate of steady decline for about the last seven years.”