NYC MTA needs billions of dollars to fix the system. NY state must raise taxes on the rich and deploy it too the MTA. The federal must chip in too. The MTA will never make money and this is how it is.
Where does the misguided notion infrastructure should make a profit even come from? Everyone hates on Amtrak for not being a profitable company. When in history has infrastructure ever existed for the sake of the network operators profit? It is always for the sake of profiting those who use it - the infrastructure enables profits, but in the same way sticking profits into medicine cripples the efficiency of the syste…
Transport for London (IMO the complete opposite of MTA: on the whole incredibly well run and generally well funded) has went from making an enormous operational loss to near break even in the last 15 years. If the trends hold it is projected to make a >£1bn operational profit per year by 2021.
NB I'm talking about operational expenditure not capital, which is funded from grants from govt, which currently stand at around £3bn per annum. It's possible to see how it could be entirely profit generating in a couple of decades though Inc capex. Assuming everyone doesn't leave due to brexit.